The Impact of Management Styles on Business Decision Making: Exploring the Different Models of Decision Making

Alaegbu Anastecia Nkeiru and Barisua Fortune Nwinee

International Journal of Science and Business, 2019, vol. 3, issue 3, 210-229

Abstract: Decision-making is fundamentally a function of a company’s top members’ prerogative. Any success attributable to an organization depends wholly on the choice of its management styles and their grasp of administrative decisions and approaches to decision-making. Decision makers therefore, need to understand the concepts that ensure rationality and effectiveness in decisions; clarity in decision, time, work, and implementation and in follow-up evaluation needs to be taking into cognizance. Any style so adopted by management is seen to be the adhesive that binds diverse operations and functions together. It is the philosophy or set of principles by which the manager leverages on the workforce. Every organizations needs a better insight on the approach managers adopts in solving real life organization’s problems. This paper is a theoretical paper and accessed and explored related literature. The research demonstrated that there are series of management styles which influence decision making styles. Hence, the paper concluded that; management style suggestively affects the degree of decisions made by both individual employees and the management team in an organization.

Keywords: Management Style; Decision making; Rational Model; Situational Management Style; Collaborative Management Style (search for similar items in EconPapers)
Date: 2019
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