Effects of Democratic and Autocratic management

Effects of Democratic and Autocratic management Different companies have different management systems. Every manager wants to use special management style for developing their own company. Managers personalities will influence the type of style adopted. Selecting the correct management style may lead to greater motivation and productivity the workers. There are many management styles, such as democratic, autocratic, consultative, Laissez Faire, and paternalistic. Every management style leads to each company has a different structure. If a company has a good management style, it will motivate its workforce. It may allow a company get more profits. If managers want to build a successful company, selecting a right management style is very important. Although each management style not only has advantages, for a company, they need to choose a management style carefully. If the management style cannot motivate workers, this company will have big problems, such as lower efficiency, hardly completed tasks or hardly execute managers decisi ons. Managers have many different ways to handle their labours. Some managers want to completely control the workers; some managers want to let workers more relaxed and have the freedom to finish their jobs. In this essay, I will compare and contrast two different management styles, which are democratic and autocratic, and evaluate how they can affect employees and motivate them. Firstly, I will explain democratic management style. This management style allows people joining manage the company and having their own ideas and ways for finish their jobs. However, workers must complete the job on time. Bill Gates is the most famous example of using the democratic management style. If the workers has different opinions, Bill encourage workers argue with him. (Ruth, 2008) Under this management style, when managers need to make important decisions, they will hold a meeting; listen to their workers ideas or suggestions. This way involves workers to manage the company; workers will think they are a part of company. Many people just work for money, if managers have no idea about how to motivate them; it may be result in lower efficiency. For a company to use, a management style of democratic which require worker have professional skills. And then, I will illustrate advantages and disadvantages about democratic management style. If the company use democratic management style, directors can get along well with workers, because between the boss and the workers, good communication is very important. Thus democratic management style helps them have a good communication. When important and complex decisions need to be made, the managers may be not able to consider all of the ways, so listening to other peoples ideas is very important. The democratic management style has the higher degree of motivation people. Although the democratic management style has many advantages, it also has some disadvantages. When the company has to make a decision, it will spend lots of time on collecting the workers ideas. They need hold to a meeting, and then choose the best solution. Another disadvantage is that if the workers have not enough skill and experience, potential mistakes are exiting, and sometimes, the manager cannot accepts workers ideas on each decision, workers will think the managers do not respect them. It will be harmful develop company. (Blurt it, 1999) Secondly, I will explain autocratic management style. This management style is totally different to democratic. Howell Raines and Martha Stewart is the classic example of how to use the autocratic management style to building a successful company. (Money-zine, 1999) Autocratic management style means the manager make all the important decisions, and require workers just need to complete tasks. In all the processes, workers do not take part in decision making. This will lead to workers is no sense of belonging, and workers cannot show their special abilities. Under this management style, workers just follow the directors commands. There are some advantages, the decision made quickly, because directors do not spend time on collecting workers ideas, and so, the tasks will be completed on time. Another advantage is that autocratic management style helps companies increasing efficiency when the company employ many lower skilled workers. On the other hand, this management style also has som e weaknesses. There is no two- way communication between managers and workers. Managers just require workers what they should do, but directors do not want to know what they think. Another disadvantage is that workers cannot always work hard for company. If there is another company can offer the higher salary, the worker will resign. This will become a problem for building a successful company. (Learn management2, 2000) Thirdly, I want to illustrate how to motivate workers? Workers are the basic resources of a company, so if managers want to build a successful firm, motivating them is very important. Motivating workers not only one way which increase salary, there are many ways for motivation labour. First, managers must have a good example for cheerful. Second, managers need to listen to workers think. Third, managers can draw a good picture of future showing for workers. Fourth, managers can not blind making decisions because of their personal like and dislike. Through above four methods, it can help motivate workers. In fact, not everyone works just for money. Many people think work is very interesting, so managers need to try to use another way to motivate them, other than increasing their wages. (Wiki how, 1999) Finally, I will compare which management style can more affect employee the most. Every style has good aspects for the companies. In this part, I will mainly compare democratic management style and autocratic management style. Democratic management style allow people to join decisions making, although the company need to spend more time collecting ideas, this way can improve workers enthusiasm. Once people have a sense of belonging, people will work harder. They will think the company is like working for their family; they will have greater powerful for job. However, there also are risks for the company. If workers take part in decisions, they must have professional skills and enough experiences, if some people do not actually reach this level, the mistakes will be made. On the other hand, under the autocratic management style, managers make all the decision, people just follow the order working. In fact, this management style also influences workers. Despotic leader always think peo ple just work for money, so if they pay workers, the workers will follow their orders, and the job will be completed on time. If a manager chooses the autocratic management style, they think increase the salary can motivate them. Nowadays, almost managers choose to allow people take part in decision making, because when managers want to encourage employees attending decision making, the autocratic management style should be not used, and if the workers become repugnant, the autocratic management style are also not effective. (Money-zine, 1999) In order to reduce the risks, they through provide more professional training chance for workers, or cooperate with professional school for obtain labour. If building a company, the boss makes all the decisions, and controls everything. It will lead to the boss having to work all the time and the potential mistake will still exist. It may be bad for the company. Mr. Robbins said that work committees and meetings are tow most popular ways of encouraging workers participation. (Stephen, 2002) Therefore, although the company need to spend many times on collecting ideas form workers; almost managers choose allowing workers taking part in decision making, such as democratic management style or paternalistic management style, and try to other ways to reduce mistake or error. Whether democratic or autocratic, managers just want to choose the best management style for their company. I think all managers want to motivate workers and increase efficiency. However, they choose different way to achieve their goal. The democratic management style and the autocratic management style are totally opposite management style. The democratic management style allow workers attend to make decisions, making workers feel they are a part of the company, and making them know development of the company is also their responsibility. However, the autocratic management style, managers make all the decisions, workers just complete managers commands. This allows workers do their job, and get their salary. Whether the company develop or not, they will not care. In the long term, their enthusiasm decrease. If managers want to motivate them, it may be by through increasing their income, but this is not the best way for motivation. If managers want to build a more efficiently company, motivating workers is become the most important thing.

Financial Planning Essay

A successful company has to have skilled workers in each level of the organization from top management to regular employees. A successful company must have good working relationship with suppliers and customers outside the organization as well. A successful company has to have enough funding to be able to execute the company’s plans and operations. Financial planning is a process that estimates the capital required and determining the company competition. It is important for a company to have financial policies in place for the organization to be successful. The objectives of financial planning are to figure out capital requirements because this will help determine cost of fixed and current assets. In the capital requirement process long and short term requirement has to be evaluated. A company must determine the capital structure of their organization, such as composition of capital and what capital needed for the business (Heer, 2012). In a business it is important to have a system in place to protect the lending and cash control situations. One of the positions that can help with financial planning is a financial manager, which is a manager that can make sure the resources of the company is being utilize to their best of the company ability. Financial planning is an important process that each company needs to use created objectives, implement policies and procedures. It is important to have adequate funds for the organization. Financial planning helps companies keep track of outflow and inflow of funds, which can create stability for the company (Ehrhardt & Brigham, 2011). It is vital for the company to make sure the suppliers investments are put back into the company. Financial planning is a process that can continue to help the company grow and expansion at the rate necessary for the company success. There is a lot of uncertainty with companies’ financial abilities but with the proper financial planning the uncertainty can be avoided. A company’s financial plan is used to help make the day-to-day decision within the company operations (Vietz, n.d.). By using the right financial information can determine the health of the company financially. No matter  what company a person has it is important to have financial plan in place. A company must plan right because financial burden come up and the company needs to be in a position to have funds available for the burden. A company must have capital to survive in the business world. A business knowing the proper way to financially keep the company making profits is a crucial step in doing business. A business use financial planning to help determine when revenue is up for the period and when revenue is down for the period. This is an important process because this will help determine when to buy product or services and when not to buy. It is vital for the owner to take these low points of revenue into account because expenditures will need to be tight (Ehrhardt & Brigham, 2011). If the company has poor cash management, the payroll can be affected. By having a financial plan in place will help keep financial stability for the company. A company can have a competitive advantage by being financially ready to purchase inventory at a reduced price. Financial planning helps long-term business decisions work through planning and time management. The planning process can maintain financial stability for the company growth and make sure the company is moving in the right direction (Murphy & Yetmar, 2010). It is vital for the company to implement a strong financial plan for the company’s future growth. Growth is an opportunity for the company to stay competitive in the markets and develop strong financial ideas. A business needs to compare actual results to quantifiable targets in order to be able to know if the financial plan is working for the company. An example of the financial plan working effectively would be the company gives the marketing department an increase in the advertising expense account, which leads to a large jump in sales (Vietz, n.d). This is financial planning at its best, working to improve the company’s profits. When the profits are growing then the business can continue to grow and develop. For some small businesses financial resources must be monitor and provided when needed because finance can be used quickly in small businesses.  Financial planning can help a business owner understand the different projects going on and how much funding is needed. Some projects will be more important than others. Many companies use financial planning to improve efficiency, productivity, and market increase (Heer, 2012). Financial planning is a process that every company needs to invest money and resources into. Conclusion A company is in business to make money. This is why financial planning has high value to many companies. Financial planning is a guide to help make day-to-day decisions for the company. Financial planning has help with cash management through knowing the short and over of cash transactions. Short and long terms decision has to be made for a company to have success. Financial planning has help spot trends within the business operations. The owners knowing the right expenditures the company is pursuing can help operations stay growing. By having the right financial planning system in place will develop the company into a success. References Ehrhardt, M. C., & Brigham, E. F. (2011). Corporate Finance: A Focused Approach. South- Western Cengage Learing. Heer, R. (2012). How agile is your planning? Find out by measuring the ROI of your planning Software. Strategic Finance, 45. Murphy, D.S., Yetmar, S. (2010). Personal financing attitudes. Management Research Review, 33, (8). 811-817. Vietz, O. (n.d.). Financial Forecasting Tools. Retrieved from http://smallbusiness.chron.com /financial-forecasting-tools-4583.html

Visualize Your Best Self

Type this in 12 point font, non bold, double spaced, paragraphs Indented, one Inch margins. Type your name at the top left hand corner. Write three or four paragraphs addressing the following questions: 1 . What type of learning style do I exalt the most? How did I develop this learning style? (Ponder†¦ Was your mom or dad the same kind of learner? Did your grade school teacher emphasize this learning style, or were you Just born this way? I feel I exalt a mixture of learning style.My most exalt learning style Is me being active while I'm learning. I like to have fun when I'm learning because that's the only way I feel I can retain Information. When things I'm learning seems boring, I tend to not focus and become uninterested no matter what It may be. My mom was the type who could learn thing no matter how they were presented. My dad learn things when it active for him to do so and hands on. I have to be literally doing something with what I am learning, otherwise it will take m e a while to grasp it.From what I was told by my parents, I was born active. I always watched something be done first, then I'm doing it minutes later. 2. When you thought about entering your program of study at ITT Tech, did your dominant learning style have anything to do with your choice? How do you think your dominant interests and dominant learning styles are connected? I was always into computers and technology, so it was easy to decide on what program I wanted to take at ITT Tech. I chose NSA because I felt like it fit into what I wanted to do for my career.NSA is not just a ‘sit at your desk† type career, it's a lot of moving around and hands on self that comes with it. With me having an active learning style, I felt NSA would be perfect for me. I enjoy training and teaching others to utilize computers and other technology. I also so felt that being in the NSA field, you have to not only be active, but have an active mind as well. By dowelling Directions: Type th is in 12 point font, non bold, double spaced, paragraphs indented, one inch margins.Type your name at the top left hand corner. Write three or four 1 . What type of learning style do I exhibit the most? How did I develop this learning exhibit a mixture of learning style. My most exhibit learning style is me being active feel I can retain information. When things I'm learning seems boring, I tend to not focus and become uninterested no matter what it may be. My mom was the type NSA is not Just a ‘sit at your desk† type career, it's a lot of moving around and hands

Persuasive Essay About Immigration - 1216 Words

Immigration is one the biggest issues people can deal with now a days. Hundreds of thousands of people legally and illegally enter the United States. Those immigrants come from all around the world leaving everything behind hoping to find better life. A lot of people think that the United States of America is the best place to go to. Immigrants mostly migrate from their home country because of the wars that destroyed their homes and the lack of right they have. They come to search for protection, benefits, and better life here. Immigration ales the United States of America different from any other country in the world. America has, is, and will always be the nation of immigration. The truth is America has always struggled with the†¦show more content†¦And that brings labor people from other countries work harder than American they put a lot of effort. â€Å"One of the key principles guiding the U.S. immigration system has been admitting foreign workers with skills that are valuable to the U.S. economy. Current U.S. immigration law provides several paths for foreign workers to enter the United States for employment purposes on a temporary or permanent basis. This fact sheet provides basic information about how the employment-based U.S. immigration system works.† People from other places sometimes has working skills that the people we have cant do. and they can for longer time so and get more work done And Factory owners they give the job to immigrants people because they work more hours and will except to get paid lower Theres a lot of immigrants with no documents or paper to identify them, thats the negative side for both the immigrants and the US. 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