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Business Management Styles For Entrepreneurs
by Justin Timory on Oct 20, 2010
Businesses can’t go without proper management. Hence aspiring entrepreneurs cannot start up any enterprise if they are not well acquainted to the art and science of business management. Given the age of the practice, plenty of business management styles have been established. Entrepreneurs who wish to succeed in their business ventures should be knowledgeable of these and be able to practice them correctly.
Here are the three types of business management styles:
1. Autocratic
This type of management hands over all of the power to the proprietor. All the decisions are made unilaterally. This management style is actually adapted when no trust is established to the workers. Essentially, everything that goes on in the business will reflect the preferences of the owner.
On one hand, this can be effective when quick decisions have to be made. It can project a cohesive and confident management. But if the reasoning of the person in power is...Read More >>
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