What Is A Management Philosophy? (With Examples)

You may be wondering “What is a management philosophy?” when you become a manager. Management philosophy is a statement outlining the guiding principles and beliefs that you would like to be implemented through management behavior.

Whether you just became a manager or are starting a new managerial position, we’ll go over what a management philosophy is, provide some management philosophy examples, and how to create your own philosophy.

Key Takeaways:

• Management philosophies will help guide your decision-making and your responses to situations.

• Your experience, employees, and company culture will influence your philosophy of management.

• It’s helpful to write your management philosophy down so you can revisit it, whether it’s a sentence or a page long.

What is a management philosophy?

A management philosophy, or leadership philosophy, is a structured approach that assists managers in leading others. A leadership philosophy acts as a statement that can help managers, both new and old, lead their teams.

Most management philosophies encompass components like theory, attitude, guiding principles or beliefs, and behavior. All of these components are extremely important when thinking about management style. Depending on your needs and goals, your statements might be a single sentence or a full page in length.

Remember, management philosophies are personal documents that act as a reference document for you, as a manager. This means that you can make them whatever you want them to be. Any length, structure, or components are acceptable, depending on what works best for the individual manager.

Benefits of having a management philosophy

Some benefits of having a management philosophy allows you to be more confident in your management style and helps you know what you want in new hires and how to make your team successful. Here are some more benefits of having a management philosophy:

• Confidence. With your leadership philosophy in your back pocket, you can find more confidence in your decisions and management style as time goes on. Being able to have a document you can reference will help with consistent management style and decision-making.

• Hiring. Knowing what you want and what makes your team successful will allow you to make better hiring decisions. It will help you identify the type of individual you want on your team and ensure you don’t stray from your beliefs, despite your initial reaction.

• Clarity. Having a management philosophy document will allow you to be consistent in your expectations. This has a trickle-down effect ensuring your direct reports are clear on your expectations across positions, projects, and deadlines.

• High performance. With more clarity, better team member fits, and confidence, your team and you as a manager will undoubtedly perform better.

  A management philosophy will take away the guesswork from your team, allowing them to better use their skills, leading to a more productive, engaged, and innovative team.

• Retention. Retaining your staff is an important thing for any manager. By having a management philosophy and being consistent in your management style, you’ll likely retain more of your staff than if you didn’t have a leadership philosophy.

Management philosophy examples

So, what does a management philosophy or leadership philosophy look like in action? There are a few different types of leadership philosophies depending on the position the specific individual holds. Based on the different types of philosophies, these examples will have different frameworks and end goals.

• Democratic leadership philosophy. Similar to democracy, democratic leadership is when the entire team is empowered to help make decisions. This means the manager is adamant about collecting team feedback and implementing it into the final solution or project.

• Autocratic management philosophy. This type of management or leadership style is where the decision-making and execution sit solely on the manager’s shoulders. Rather than providing strategic feedback, the team is there to execute.

• Laissez-faire leadership philosophy. Laissez-faire leadership provides equal power of final decision-making and implementation to the leader and the team.

  Typically, the manager is hands-off and allows the team to run the projects and manage deadlines. The leader in this situation will focus their efforts on higher-level strategy matters.

• Strategic management philosophy. Strategic management typically splits the focus of the manager between the higher-level strategy and team management. This means they’re adamant in ensuring everyone on the team has clear roles and responsibilities to produce maximum efficiency.

• Transformational leadership philosophy. Transformational leadership’s main focus is on constant evolution. This means continuously updating benchmarks, goals, and strategies.

  Typically, managers who use transformational leadership spend a great deal of time learning new practices or processes to ensure their teams perform at their best.

• Transactional management philosophy. These types of managers rely on compensation and incentives to help their teams meet certain goals. They may establish the reward with their leadership team to confirm that they would be rewarded with something specific if their team should meet a specific goal.

How to create a management philosophy

To create your management philosophy, you should look over the types of leadership philosophies, consider what you want in a leader, and think about your goals. Here is a more detailed list of how to create your management philosophy:

1. Compare your natural leadership style with the types of leadership philosophies. By identifying a few that sound like the type of leader you want to be, you can start to get an idea of what you believe makes an effective manager.

2. Consider what you want in a leader. Think through your past bosses, both the ones you liked and the ones you didn’t.

   What did you admire in their leadership skills? What made them good managers or poor ones? What might your employees want or need from you? The answers to these questions can help you form your management philosophy.

3. Think about the goals of your position. Different management roles have different purposes, so keep your job’s purpose in mind as you create your management philosophy.

   If your overall goal is to keep manufacturing production up, for example, you’ll likely need to have a slightly different leadership philosophy than you would if you were managing a team of designers tasked with highly creative projects.

4. Leave room for growth. While your management philosophy should help you stay consistent as a leader, you should be intentional about revisiting and adjusting it regularly.

   As you take classes, get feedback, or see the results of your efforts, your philosophy can (and probably should) change, so keep an open mind as you gain experience.

Tips for writing your management philosophy

When writing your management philosophy, you should start with a brief introduction that encompasses what you consider the best management practices and then expand on that in the body paragraphs. Here are some more tips for writing your management philosophy:

• Brief introduction. Your philosophy should have a brief, one-line introduction that encompasses what you consider to be best management practices. This could come in various forms, such as ensuring managers get feedback and input from their teams or what specific responsibilities you believe managers have.

  You can also consider the fundamental things you believe makes a manager successful in any organization.

• Expand in the body. Now, you’ll work on the real meat of your philosophy. The body should explain how you think about the relationship between employee and manager. Is the main focus relationships, communication, strategy, execution, or specific goals?

  In addition, you’ll want to write out what you believe your role is as a manager. This should be what you strive to build towards and what you believe is necessary to ensure you are a successful and efficient manager.

• Management strategies. Once you have your ideal management qualities down, you’ll want to think about strategies like the ones listed above. You want to list where you learned the strategy and how you can be most effective using the specific strategy.

  You can consider even adding examples of other managers you’ve worked for or strategies that have worked for you in the past.

• Goals. Consider the specific goals you have as a manager. What do you want to accomplish during your time managing a team?

  Establish those goals even before you begin writing to ensure you’re crafting your leadership philosophy around them. The actions you take after establishing these goals will impact your success.

• Conclusion. Your conclusion should be a concise summary of your statement that includes the ideal relationship between managers and employees and how you view your role and management strategies.

  You can also include how you envision implementing your management philosophy moving forward.

Management philosophy FAQs

1. How do I write a management philosophy?

   You write a management philosophy by explaining your management focuses and goals and outlining how you plan to achieve them. Your management philosophy is personal to you and can be as long or as short as you want.

2. What is the best management philosophy?

   The best management philosophy is the one that works best for you. Your management philosophy should be based on your individual strengths and your beliefs about management. The decision of which principles to focus on in your management philosophy is up to you.

3. What are the different types of management philosophies?

   The different types of management philosophies include:

   • Democratic leadership philosophy

   • Autocratic management philosophy

   • Laissez-faire leadership philosophy

   • Strategic management philosophy

   • Transformational leadership philosophy

   • Transactional management philosophy

Final thoughts

Every manager has their own unique management philosophy, and understanding and defining your own philosophy will make you a stronger and more efficient manager.

There are many examples of different management philosophies, and you should make sure you know which one works best for you.

References

1. Creighton University – The Importance of Having a Personal Leadership Philosophy

Author

Caitlin Mazur

Caitlin Mazur is a freelance writer at Zippia. Caitlin is passionate about helping Zippia’s readers land the jobs of their dreams by offering content that discusses job-seeking advice based on experience and extensive research. Caitlin holds a degree in English from Saint Joseph’s University in Philadelphia, PA.