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Management Styles - Global & Comparative Management, Contemporary Management Video Lecture | Contemporary Management - B Com

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FAQs on Management Styles - Global & Comparative Management, Contemporary Management Video Lecture - Contemporary Management - B Com

1. What are the different management styles discussed in the article?
Ans. The article discusses various management styles such as autocratic, democratic, laissez-faire, transformational, and transactional styles. These styles differ in terms of decision-making authority, employee involvement, and leadership approach.
2. How does global management differ from comparative management?
Ans. Global management refers to the management of international or multinational organizations that operate in multiple countries. It involves dealing with diverse cultures, economies, and legal systems. On the other hand, comparative management focuses on analyzing and comparing the management practices and systems of different countries. It aims to understand how cultural, economic, and institutional factors influence management approaches across nations.
3. What are the key characteristics of contemporary management?
Ans. Contemporary management is characterized by various key features such as a focus on employee empowerment and engagement, emphasis on innovation and adaptability, use of technology for efficient operations, and a shift towards a more collaborative and inclusive leadership style. It also emphasizes the importance of ethical and socially responsible business practices.
4. How does the autocratic management style affect employee motivation?
Ans. The autocratic management style is characterized by a centralized decision-making process in which the manager has full control and authority. This style can negatively impact employee motivation as it limits employee participation and input in decision-making. Employees may feel demotivated and disengaged if their opinions and ideas are disregarded. However, in certain situations where quick decision-making is needed, this style can be effective.
5. What are the advantages and disadvantages of transformational leadership?
Ans. Transformational leadership is a management style that inspires and motivates employees to achieve exceptional performance and personal growth. The advantages of transformational leadership include increased employee motivation, enhanced creativity and innovation, and improved organizational performance. However, it may also have some disadvantages such as dependency on the leader, potential for burnout among leaders, and the need for a supportive organizational culture.
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