As stated before, the key to business management success is to maximize productivity. However, while management theory does aim toward getting a group of entities to achieve a certain goal, it does not necessarily achieve in making people more productive toward this cause. Management is not just a science, but is also an art. The same goes for leadership.
There are many benefits to knowing management theory. First of all, management theory doesn't just teach someone how to inspire employees to be more productive, it also shows managers how to be good bosses. It can make the difference for them to know how to deal with issues that may exist in the workplace.
Managers have to efficiently deal with these issues and simultaneously maintain a stable or improving level of productivity. With management, you have to balance a multitude of tasks daily, and becoming familiar with management theory can help tremendously. That is why more managers are becoming aware of the necessity to arm themselves with techniques and tools that may sometimes come in the form of management theory.
Most of the leadership training programs offered today are aimed at helping you discover the leadership style you exhibit and making you aware of its strengths and weaknesses. However, one style that can be easily applied to any managerial challenge and not dictated by the leadership skills of the manager is the situational leadership style. The theory behind situational leadership is more closely tied to using the style needed to be successful given the existing work environment or the specific needs of the business.
Theory and experience together are the perfect equation for good management. People are the most important asset in any organization and they deserve good management and better leadership. This is no easy task if you're wondering whether theory can help managers be more effective leaders. By following the suggestions provided in this article, things can be turned around while learning to be both a better manager and a better leader.