Managing a team, ensuring work gets done and day-to-day activities run smoothly is a challenging job for any company. It is even more so in a sector like retail jewellery, which is mostly a family-run business. Issues such as a flexible organizational structure, involvement of multiple generations, the cyclical nature of the business, and so forth, add an extra layer of difficulty to the management process.
In such a situation, what kind of a management style works best for companies -- should the proprietors keep a hawk eye on their teams and personnel, or let them function as they see best? In other words, do companies get better results if they follow an autocratic style of functioning, or a democratic style? Expectedly, there is no unanimity on this, with sections of retailers opting for the ‘tight leash’ method, and others preferring the ‘cut them some slack’ style.
IN THE KNOW
Figuring out whether the autocratic policy is what will work, or the democratic one, will depend on several considerations – the nature of the company, the age of its employees, the time period for which the employees have been with it, and so forth. But the fact remains that more and more companies are tending towards the democratic method of functioning.
KEEP AN EYE ON THEM!
Bu hikaye Indian Jeweller dergisinin February - March 2023 sayısından alınmıştır.
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Bu hikaye Indian Jeweller dergisinin February - March 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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