There are many great management and adership styles available. Two of the overal

Question

There are many great management and adership styles available. Two of the overall approaches include participative (Similar to eories Y and Z) and autocratic management (Similar to Theory X) styles. This DB will have you understand, explain, and elaborate on those (especially participative). 1. Research and explain what participative management is about, (including pros and cons). Perhaps include what makes up this yle regarding how managers implement this style. 2. How do things likee delegation serve not only to support a ticipative management style, but contribute to overall organizational performance. 3. Finally, do you like participative anagement, and have you ever been part of this as an employee? Here is an interesting video showing a bit about participative management: s://www.youtube.com/watch?v=IShxk2 BEF61

Explanation / Answer

Answer:
Participative management is a style of management that encourage participative decision making and involvement of stakeholders (all levels of an organization) in the process of problem-solving, strategy making and solution implementation.
It contains four processes:
• sharing of information
• Training
• decision making
• Rewards
Pros of participative management:
•   Enhancement in Productivity
•   Satisfaction in job
•   Higher Motivation
•   Quality improvement
•   Reduction in cost.
Cons of participative management:
•   Slow Decision making
•   Security issues

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