Management styles vary from company to company. There are many different styles of management that can bring success to an organisation but you have to make sure your management style is right for your business.
People skills are obviously a key asset in the development of effective management styles. Dealing with people is a professional skill in itself. Being able to see from the perspective of others is essential, and caring for their welfare is also of prime importance.
There are many high-profile examples of how to develop a successful management style. Managers like Bill Gates and Warren Buffett have famously developed their own distinctive management style from which others can learn.
However, the fact that the two examples are very different management styles shows that there is no single route to success.
Gates's style and management practice at Microsoft was based on control and concerning himself with detail almost to the point of obsession. The onus that the Bill Gates management style placed on the monitoring of staff and figures is demonstrated by the fact that he even used to sign expenses for Steve Ballmer, his right-hand man.
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