Managerial Management Style and Level in Georgian Companies

Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 10

Abstract

The article - "Managerial management style and level in Georgian companies" is an evaluation of the results of the research conducted this year by the group of researchers from the Faculty of Economics and Business of Ivane Javakhishvili Tbilisi State University to find out the level and style of management there. The respondent-employers (managers) took part in the research, of which 259 were from state companies, and 261 - from the private sector. Both the method of interviewing the respondents and the means and tools for processing and evaluating the information received from them were the same. So, no group of respondents was in a priority position during the research process. The frequency of respondent groups was almost the same (259  261). Employers (managers) were interviewed with 33 questions, however, only 13 questions and their answers were included in this article, because the rest of the questions were not related to managerial management style and level, but to other aspects of it. The reliability of the answers of the respondents-employers involved in the research is high, because the managers with relatively high experience (three and more years) of work in a specific organization were predominantly included in the research, their specific weight in both sectors together amounted to 51.1%, i.e. more than half. The importance of this is that a long period of work is an accumulation of great experience in people, in-depth knowledge of the organization's ins and outs, and most importantly, a highly reliable source of relevant information for scientists and researchers. Based on the answers received from the employer-respondent as a result of the conducted research, the authors of the article conclude that the great breakthrough between practical management and modern scientific management in Georgia actually means a gap. They justify this with the following: When choosing a management style, the respondent-employers prefer a style based on control (on average 37%) rather than a style based on trust (28.1%); 59% of companies do not have a strategic development plan, which means that multi-level strategic management is not implemented in their practice; 24.6% of general managers of companies make decisions on changes independently, without the involvement of employees; 45.6% of companies support the demonstration of the manager's power to assert his authority, etc The authors of the article assessed the practical actions taken by the respondent-employers involved in the management of the companies as a negative, big deviation from both the latest scientific management and the management practices of successful foreign companies, and recommendations for correction are offered.

Authors and Affiliations

Eka Chokheli, Manana Kharkheli, Giorgi Morchiladze

Keywords

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  • EP ID EP727845
  • DOI 10.47191/jefms/v6-i10-57
  • Views 17
  • Downloads 0

How To Cite

Eka Chokheli, Manana Kharkheli, Giorgi Morchiladze (2023). Managerial Management Style and Level in Georgian Companies. Journal of Economics, Finance and Management Studies, 6(10), -. https://www.europub.co.uk/articles/-A-727845