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Likert's management systems [1] are descriptions of management styles developed by Rensis Likert in the 1960s. He outlined four systems of management to describe the relationship, involvement, and roles of managers and subordinates in industrial settings.
A management style is the particular way managers go about accomplishing these objectives. It encompasses the way they make decisions, how they plan and organize work, and how they exercise authority. [2] Management styles varies by company, level of management, and even from person to person.
With the additional responsibility for managing their team while remaining accountable to their management teams, managers require additional skills and training to effectively influence up or down. Management levels within large organizations are structured from a hierarchal organization and include senior, middle, and lower management roles.
This type of management style is the one I’m most intimately familiar with, as the company I work for, Crema, has a results-based culture. A results-based management style is fairly hands-off.
The McKinsey 7S Framework is a management model developed by business consultants Robert H. Waterman, Jr. and Tom Peters (who also developed the MBWA-- "Management By Walking Around" motif, and authored In Search of Excellence) in the 1980s. This was a strategic vision for groups, to include businesses, business units, and teams. The 7 S's are ...
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The principles of the Toyota Way are divided into the two broad categories of continuous improvement and respect for human resources. [7] [8] [9] The standards for constant improvement include directives to set up a long-term vision, to engage in a step-by-step approach to challenges, to search for the root causes of problems, and to engage in ongoing innovation.
The Four Pillars of Investing: Lessons for Building a Winning Portfolio. McGraw-Hill, New York, 2002, ISBN 0-07-138529-0. The Birth of Plenty: How the Prosperity of the Modern World was Created. McGraw-Hill, New York, 2004, ISBN 0-07-142192-0. A Splendid Exchange: How Trade Shaped the World from Prehistory to Today.