Five Management Styles

Management styles have come a long way from Thompson’s “one best way” theory that dominated management practice for many years. Today there are two basic perspectives for viewing and categorizing management styles.

The work of Tannebaum and Schmidt (1958, 1973) divides management into five styles that cover a range of situations:

  • Autocratic managers are unilateral decision-makers that reflect their view of how things should be done. While this style creates an image of confidence and control, employees may become too dependent on this style to get directions rather than becoming creative and innovative.
  • Democratic manager involves employees in decision making and creates good two way communications. This style is most effective in complex decision-making situations requiring a range of specialized skills. The only disadvantage is the give and take required can slow decision-making down.
  • Laissez-faire managers manage from the fringe and leave decision-making to their employees. This style is short on communication and lacks coordinated delegation of work. Employees’ lack of direction and focus often results in low employee morale and dissatisfaction.
  • Paternalistic managers are benevolent dictators. While there is an element of lateral decision-making, most communication flows down rather than laterally.
  • Manage ByWalking About (MBWA) is a style where managers literally manage their operations by walking and talking to others. The type of manager is a proactive listener who gather information in real time by talking to others to identify situations before they become problems and functions more as a coach and counselor rather than as a boss.

Capitalism, Finance and Ethics

In the aftermath of the recent recession the question of ethics in capitalism and the financial sector of the economy is being scrutinized and debated.

Ethics is based on human behavior and the belief the people will inherently do what is right – or socially acceptable. Words that fall under the umbrella of ethics are truthful, honest, respectful, fair and just. Integrity is another word in association with ethics. Ethics is a guide to correct behavior.

Finance at every level is based on trust. People expect that the money entrusted to financial institutions will be safe – they expect professional and ethical behavior and fiduciary responsibility to act in the customer or client’s best interests. Skeptics argue that finance is all about making money and that ethical behavior is compromised in order to advance.

Adam Smith, the father of capitalism, was a professor of moral philosophy who believed that society is based on sympathy and a moral obligation to respect the feeling of others in society. He was also suspicious of the “merchant class.” Herein lies Smith’s ethical perspective on how capitalism should work in society.

There is a widely held belief that today’s version of capitalism is based purely on profit and encourages greed. Others counter that selfish behavior is necessary for economic growth that benefits society. The behavior of financial institutions over the past decade supports the former argument rather than the latter. Financial ethics must be based on fairness in market transactions and fiduciary duty.

Pet Toting Celebrities Need Pet Insurance Too

It rare these days to not see some picture or post about a celebrity and their pet online at least once per week. Many of these celebs are spokespeople for animal and pet organizations. Many also preach the importance of caring for your pets by getting them pet insurance. Celeb pet owners run the entire spectrum of personalities and characters. Some are seen often with their four footed friends include well-know socialite Paris Hilton, singers LeAnn Rimes and Mariah Carey as well as actors Orlando Bloom and Matthew McConaughey.

These celebs love their pets so much they no doubt take the step of getting pet insurance. It’s not that they can’t afford the veterinary expenses, they just want to make sure their furry babies are taken care of. Pet insurance is definitely worth being considered by any pet owner since it is so affordable. It is comforting to know that expenses will be covered should your pet become seriously ill.

It is no longer just the female celebrities in Hollywood who are proudly showing off their four-footed friends while out shopping, walking or even flying. Some of Hollywood’s most recognizable male hotties are getting in on the action. It is common to see heartthrob Justin Timberlake hitting the pavement with his four footed pals. Other celebrities commonly spotted with animals close by include Kelly Osbourne singer Britney Spears, who has admitted to spoiling her pets rotten.

Some celebs actually color co-ordinate their outfits depending on what bag they are carrying their tiny dogs in. Celebrities have made owning tiny dogs into a big fad. It is a common sight to see many of Tinsel Town’s top young actresses carrying their Shih Tzus, Chihuahuas and Pomeranians around town.
The frequency of sightings of celebrities and their pets shows that this is definitely a hot trend in Hollywood. Considering the number of pet-owning celebs, this doesn’t seem like a trend that will be ending anytime soon.

Getting Cash During an Emergency

Everyone once in their life will find themselves in a financial bind. Most money problems can be easily fixed by getting help from family or friends. However, in other situations the emergency might be too steep or there just might not be anyone to turn to.Under such circumstances, it’s imperative to find a cash alternative. One easy solution to cash during emergencies are payday loans.

Application Process

The application process is very simple and can be completed online or over the phone in a matter of minutes, and you can receive a decision soon after. Upon approval, the money is typically dispersed the following business day.

Terms and Conditions

The interest rates for payday loans will vary from state to state. The average rate will run into the hundreds, but loan amounts in times of an emergency are usually small so the percentage seems larger than it really is. Plus, the loan repayment process is very flexible consisting of a bi-weekly installment plans.

When to Get One

There are many instances where a payday loan is an excellent solution. For one, they provide quick relief when you are sure to fall behind on bills and accrue substantial late fees. This is especially important when it comes to credit cards where your score could be adversely affected. They can also help avoid bounced checks or overdraft fees that result from overdrawing your checking account. The amount you pay in fees could be more than you pay in interest on a loan.

Ultimately, they can help in when the unexpected happens, everything from car trouble to medical problems.

When Not to Get One

However, they are not for everybody and for every circumstance. It would be reckless to take out a loan for the sake of entertainment purposes. To help buy groceries before the next payday, yes…for caviar, no.

With a cash loan there is always help in an emergency.

How to Manage Telecommuting Employees Who Procrastinate

With the increase of work-at-home opportunities, many employers are in a position of hiring employees who work out of their own homes. While such an arrangement benefits both the company and the worker in many ways, employees who are prone to procrastination do not necessarily thrive in this type of situation. This can be damaging to business productivity and profits. Here are ways to help the procrastinating employee to overcome his tendencies.

The Need for Structure

Many human beings need structure in order to be productive in their lives. Growing up, people attend school where teachers and administrators create a schedule and hold students accountable. In the traditional work environment, structure is generally created by management. Reporting to someone in person, being available to answer the phone during specific hours, or punching an office time clock are ways that traditional employees are held accountable. Without these requirements, telecommuting employees are often left to devise their own daily structure. For those who are lacking in motivation, discipline or organizational skills, a pattern of procrastination can emerge.

Establish Clear Deadlines

When managing telecommuting employees, you want to create structure as much as possible. Many workers are deadline oriented. Avoid leaving tasks open ended. When you issue an assignment, clearly specify the date and time of the deadline. Also build in a time cushion in the event that unavoidable issues, such as an illness or an emergency, arise for the employee.

Encourage and Reward Accountability

Establish daily or weekly check-in requirements. This can be via phone, email or instant message. Telecommuting employees can easily feel disconnected from the employer, so establishing regular contact will remind them that they are, indeed, employed and obligated. Depending on the nature of your business, you can also implement productivity rewards. Your telecommuting employee will know that his assigned tasks are important and he will feel encouraged to perform his best.

The Assisted Living Search

There is one truth within finance, one belief that dominates: money is to be spent. No dollar is to be wasted within a bank account. No penny is to sit idle in a jar. Funds are to be offered to the world, traded for the needed goods and indulgences. Life is far too fleeting to be denied, you’re certain. It’s instead to be celebrated with a constant stream of purchases and little presents. And, while the value of a sale is never to be ignored, the notion of gathering dull interest is. Shop and enjoy is a philosophy you understand.

And such a philosophy will serve you well when seeking out assisted living facilities.

You’ve always been independent. There has been no challenge you couldn’t conquer, no idea you couldn’t tame. But age has proven a worthy foe — and you’ve discovered that the battle is no longer so entertaining. You want the comfort a new residence can provide, the care you now need. Finding the perfect facility, however, requires all of your shopper’s strategies.

Look for:

One: Location. No element should more define your search than the area an institution is in. Be certain it’s within an easy distance of all wanted stores and amenities, as well as within reach of hospitals and other necessities.

Two: On-site Care. Never choose a facility that does not provide you with the medical help you require. Be certain doctors and nurses are available at all times.

Three: Price. It seems the most obvious of choices but too often do individuals ignore their budget during their quests. Understand what you can afford and what you can likewise afford to compromise on. Know your monthly costs and how they can be applied.

You’ve always adored the thrill of a bargain. Now you must hunt for one of much grander proportions. Find your new home and begin a new life.