What’s Your Financial Management Style?

You may find it hard to believe, but your management style isn’t all that unique. That’s not meant to denigrate the way you perform on the job. But the fact is pretty much everyone gravitates toward one of three distinct management styles. They are taken from an assessment test called the Birkman Method, which ranks participants from 1 to 10 in each of the following three categories.

#1 Knowledge Specialist: Individuals who rank highly in this area feel the need to ensure that they know the facts before openly discussing a topic. Oftentimes, it’s a matter of fearing they will be discovered to be a fraud, not really comprehending that which they are expected to know. Other individuals simply need a thorough understanding of the facts in order to feel confident speaking authoritatively.  Those who score low in this area don’t mind winging it. They have no qualms about being thrust into the spotlight even if they are lacking the facts.

#2 Directive Management: People who rank highly in this category would rather take care of something themselves than risk handing it off to someone who may do a poor job. They are the ones who can be heard saying, “If I want this to get done right, I’d better do it myself.” Not surprisingly, they have a hard time delegating. Instead, they opt to have direct involvement in every facet of a project.

#3 Delegative Management: You guessed it! This is the exact opposite of the style we just discussed. Those who rank high in the area of delegative management tend to solve problems through people. They want to get a lot done, so they delegate tasks to members of their team. There are pro’s and con’s to this style. On the one hand, delegative managers are seen as giving others the freedom to take on a task and see it through to fruition. At the same time, people may grow frustrated with this style of manager, even accusing them of shirking their duties and relying on others to handle what they should be doing themselves.

Whether you are currently in a management position or not, contact Daley and Associates for help with your financial job search. We offer superior recruiting and placement results, specializing in auditing and financial placement.

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