9. Laissez-Faire Management Style
Posted: Sun Jan 19, 2025 5:50 am
management style, laissez-faire management
Laissez-faire is French for “leave alone.” Laissez-faire managers monitor their team’s activities, but they remain hands-off. They expect their team to do their jobs with broad autonomy and only seek guidance when they need help.
Laissez-faire management is the opposite of micromanagement. Some employees thrive with autonomy and are happier and more motivated.
But, the flip side of laissez-faire management is that employees can suffer from a lack of guidance and vision. In turn, their work performance suffers, and underperforming employees could get away with doing the bare minimum work.
On the plus side, with autonomy some employees dominican republic phone number material are happier and more motivated to succeed. It’s a double-edged sword, in my opinion, and has to be implemented in the right environment with the right team to be successful.
Example of the Laissez-Faire Management Style in Action: Warren Buffet, Berkshire Hathaway
Legendary executive and investor Warren Buffet is one of the best examples of laissez-faire management in recent history.
In his 2022 letter to shareholders, he wrote, “Our goal in ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual — some would say extreme — degree.”
10. Situational Management Style
management style, situational-faire management
Finally, I learned that many managers find that they don’t fit exactly in one management style. They may blend several styles together and adapt their approach for each employee and what that employee needs in the moment.
Laissez-faire is French for “leave alone.” Laissez-faire managers monitor their team’s activities, but they remain hands-off. They expect their team to do their jobs with broad autonomy and only seek guidance when they need help.
Laissez-faire management is the opposite of micromanagement. Some employees thrive with autonomy and are happier and more motivated.
But, the flip side of laissez-faire management is that employees can suffer from a lack of guidance and vision. In turn, their work performance suffers, and underperforming employees could get away with doing the bare minimum work.
On the plus side, with autonomy some employees dominican republic phone number material are happier and more motivated to succeed. It’s a double-edged sword, in my opinion, and has to be implemented in the right environment with the right team to be successful.
Example of the Laissez-Faire Management Style in Action: Warren Buffet, Berkshire Hathaway
Legendary executive and investor Warren Buffet is one of the best examples of laissez-faire management in recent history.
In his 2022 letter to shareholders, he wrote, “Our goal in ownership is to make meaningful investments in businesses with both long-lasting favorable economic characteristics and trustworthy managers. When large enterprises are being managed, both trust and rules are essential. Berkshire emphasizes the former to an unusual — some would say extreme — degree.”
10. Situational Management Style
management style, situational-faire management
Finally, I learned that many managers find that they don’t fit exactly in one management style. They may blend several styles together and adapt their approach for each employee and what that employee needs in the moment.