Management Advantages and Disadvantages
There are advantages and disadvantages to different management styles. The first is that management by objectives tends to promote better communication. It also facilitates better planning, budgeting, and performance measurement. On the other hand, management by objectives tends to increase managerial workload and reduce creativity and flexibility. A more holistic approach to management would also improve employee motivation. But the advantages of management by objectives are more than outweighed by the disadvantages. To learn more about each management style, read on.
Reactive management is disruptive and has many drawbacks. It can cause delays in production and can cause reduced product quality. Inefficient management leads to a lack of team spirit and morale. The best way to deal with this is by involving employees in the decision-making process. But the downside of reactive management is that it poses environmental hazards. It also encourages employees to view each other as competent and capable. In the end, management by reaction is not the most effective way to handle changes.
Transactional leadership is used to develop education courses and training programs. Transactional leadership has an advantage that it helps create a path for proactive management. For example, the Red Ocean Strategy makes use of strategic connections in a way that you cannot, such as focusing on a narrow specialization. In addition, this management style helps retain more customers. It is also more likely to lead to a stronger brand and higher profit margins.