The Impact of Management Styles on Business Decision Making: Exploring the Different Models of Decision Making
Author (s):
Alaegbu Anastecia Nkeiru & Barisua Fortune Nwinee
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.
Key words: Management Style, Decision making, Rational Model, Situational Management Style, Collaborative Management Style.
| Title: |
The Impact of Management Styles on Business Decision Making: Exploring the Different Models of Decision Making |
|---|---|
| Author: |
Alaegbu Anastecia Nkeiru & Barisua Fortune Nwinee |
| Journal Name: | International Journal of Science and Business |
| Website: | ijsab.com |
| ISSN: | ISSN 2520-4750 (Online), ISSN 2521-3040 (Print) |
| DOI: | https://doi.org/10.5281/zenodo.2771707 |
| Media: | Online |
| Volume: | 3 |
| Issue: | 3 |
| Acceptance Date: | 10/05/2019 |
| Date of Publication: | 13/05/2019 |
| PDF URL: | https://ijsab.com/wp-content/uploads/361.pdf |
| Free download: | Available |
| Page: | 210-229 |
| First Page: | 210 |
| Last Page: | 229 |
| Paper Type: | Research Paper |
| Current Status: | Published |
Cite This Article:
Alaegbu Anastecia Nkeiru & Barisua Fortune Nwinee (2019). The Impact of Management Styles on Business Decision Making: Exploring the Different Models of Decision Making. International Journal of Science and Business, 3(3), 210-229. doi: https://doi.org/10.5281/zenodo.2771707
Retrieved from https://ijsab.com/wp-content/uploads/361.pdf
About Author (s)
Alaegbu Anastecia Nkeiru (Corresponding Author), Department of Marketing, Faculty of Management Sciences, University of Port Harcourt, Rivers State, Nigeria.
Prof. Barisua Fortune Nwinee, Dean, Faculty of Management Sciences, University of Port Harcourt, Rivers State, Nigeria.
DOI: https://doi.org/10.5281/zenodo.2771707