What is your management style? Evidence suggests that many successful companies have managers that stick to a particular style. I believe the best companies have managers who can adapt their style to the current situation.
There are four management styles frequently discussed in the business world:
Autocratic – making unilateral decisions without input from the team
Participative – making executive decisions based on input from the team
Democratic – making decisions based on consensus from the team
Laissez-faire – empowering a team to make the decision without your influence
The best method depends on the team and the situation. I created the matrix below to help determine the best method to apply in a situation: