The changing world of business has also often necessitated a change of management style for many business owners.
A lot of newer businesses have eschewed the traditional hierarchical approach to management. In the process this has done away with a lot of unnecessary middle management and required that business owners be a lot more “hands-on” in their approach. This, of course, requires a completely different skill set.
The new management style fosters teamwork rather than competition, continually striving to improve processes instead of “fire-fighting” problems as they arise and making themselves more accountable to the customer rather than to other managers.
Today’s infographic provides a interesting look at the contrast between the two styles and how shared spaces can improve collaboration.