Management Style: Loose (Larry) Management

Key Attributes

• Promotes learning within the work environment
• Allows majority of decision making to sit with team members
• Is flexible with which roles the team members play in the team
• Promotes an ‘all hands on deck’ culture
• Invests heavily in the company’s success

How can this style deliver results?

You’ll develop creativity and independence within your team by ‘leading by example’ and teaching the importance of analytical thinking.

This style is key to driving motivation independently AND creating a team of analytically minded individuals for your business.

Tips to coach your team to success

Encourage your team to be analytical with their ideas. Have them map out and predict the effect of their ideas on ROI and overall goals.

Encourage test & learn initiatives in day-to-day activity based on factual findings and provide them with the knowledge, resources and tools to succeed.

Results you can expect to see:

Highly motivated & engaged teams will drive 2.5x more revenue vs their competitors.

Motivation is the key driver with this management style, inspire those you lead and let them be an inspiration to you!

The greatest leader is not necessarily the one who does the greatest things. He is the one that gets the people to do the greatest things.

- Ronald Reagan

Management Style: Democratic (Daisy) Management

Key Attributes

• Brings the team together to agree a course of action
• Always has the final decision
• Motivates team members by giving them accountability
• Is highly numbers driven, lives to see results
• Knows what can and can’t be delegated to team

How can this style deliver results?

You’ll engage members of the team by giving them their own responsibilities in driving success.

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By including your team in key decisions, they’ll build an emotional interest with the company’s progress and how their activity affects the results.

Tips to coach your team to success

Listen to the team’s input by holding regular meetings and having transparency with feedback on decisions and ideas.

Encourage ideas and strategic thinking by holding Q&A strategy sessions every quarter. You’ll engage your team and get them thinking beyond their day-to-day activity and at a more strategic level.

Results you can expect to see:

Highly engaged (happy!) team members are 87% less likely to leave an organisation than disengaged team members.

Not only does it mean you reduce churn within your team, you’ll develop your team’s skillset and keep overhead costs down.

Listening enables us to learn from each other, from the marketplace, and from the mistakes that must be made in order to get anywhere that is original and disruptive.

- Richard Branson

Management Style: Autocratic (Alan) Management

Key Attributes

• Usually has tight deadlines looming
• Has a larger team who respond better to a directive style
• Takes “full command” based on the goals that need to be hit
• Delegates tasks with purpose, and expects regular feedback
• Clearly outlines priorities and deadlines to the team

How can this style deliver results?

Your constant focus on goals and objectives means that this style of management will deliver outstanding return.

And when it comes to needing to make quick decisions, you can to drive the team forward and motivate them in the short-term.

Tips to coach your team to success

When quick-decisions are needed, step back from the democratic input, but explain why and feedback on the outcomes of the decision.

According to ORC international, less than half of UK employees feel they receive regular and constructive feedback. Provide clear, constructive feedback to reinforce actions, and motivate your team to success.

Results you can expect to see:

You’ll drive performance and hit the numbers, but don’t forget that motivation within your team will be short-lived.

Try and mix your management styles and leave this one for the times when you need to make quick decisions and hit deadlines fast.

Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes

- Peter Drucker

Conclusion

There’s no right or wrong way to manage a team, different situations will call for different styles, as may different roles, tasks and teams. Just taking the leadership stance and responsibility for a team is a huge achievement.

But by fully understanding your own management style you can build a better culture for your team, coach them to success in their own role, and smash your company KPI’s as a result.