1. By Ryan Stuart and Mary Bargsley Group 1
Cowboy management
By Ryan Stuart and Mary Bargsley
Group 1

2. What Is cowboy management?
In the corporate world, Cowboy Management, would be using an act first, think later attitude
A risk taker is needed to use this style effectively
In most cases it creates a competition between two groups of people in the same department or pits two different departments against each other
It creates a job environment conducive to a survival of the fittest competition

3. Current similar business practices
In business taking the approach of the cowboy would be considered using few regulations and creating risk taking heroes
Due to competition some members of an employer may withhold information with fellow coworkers
Rather than promoting leaders, management is decided strictly based on numbers generated or falsely accrued
This style creates a high stress environment with huge profit margins if used correctly
Self fulfilling objectives are focused on rather than the best interest of the business as a whole
Allowing unethical business practices to go on because doing so will boost the bottom line and make management look successful
By associating themselves with only the top sellers and separating those that aren't willing to bend the rules, management makes itself look as though it has created the best sales team and is not responsible for any loss.
This type of managing style is a very ineffective form of leadership and will cause severe permanent damage of company morale. They will however, always find investors and people to believe in them because of the bottom line being successful marginally
Current similar business practices

4. Comparing chief joseph case study leadership styles with that of cowboy management
As shown in the case study, Misfires can happen when acting without due process
Willingness to take on consequences as a result of risk taking
Must be ready to improvise when acting without a plan
Lack of balance causing rash decision making
Understanding that the masses will rebel when forced or threatened without proper representation
It will create competition with possible negative results since it is not thought out

5. Advantages of cowboy management style
Sense of fearlessness and willingness to capitalize on risks others would not be willing to assume
Innovative minds are created and society will benefit from outside the box thinking with new products
Huge rewards are made possible if risk is overcome
Team feeling of togetherness when up against fair competition
Opportunity is given to everyone to prove themselves and grow
Devotion of maximum resource to group generating maximum profits
Advantages of cowboy management style

6. Disadvantages of cowboy management style
Competition is not always judged fairly
Ethical business practice may not be implemented if it means higher profit margins
Low team morale due to competition among team members having incentive to make others look bad
Lack of resources devoted to a department if they lose market share to another department
Hostile work environment could be created
Short term gains causing long term failures
Lack of a plan could cause the company to go out of business
Disadvantages of cowboy management style

7. Success achieved using cowboy management
West Coast Customs
Ryan, the owner, was willing to be the first to take on unthinkable car modification projects
The company has separate departments that compete to show the best in a friendly team togetherness manner
They have grown to become the largest and most world renowned car restoration brand
Apple Corporation
Steve Jobs was an innovator and a risk taker
Massive rewards were achieved with a go for it all attitude
Success achieved using cowboy management

8. Failures of cowboy managed companies
Flying J Corporation
Signed short term gains that would cause long term shutdown
Small operation that tried to become too large, too fast
Failure to secure capital to sustain growth by lack of planning
Loss of revenue created by signing deals that gained market share at a price too low to benefit
Avis Budget Group
Ranked sales groups by city profit gains and by employee individual revenue generated
Low business ethics and morals due to management looking the other way on dishonest employees because they made them look better with sales
Misrepresentation to the customer used to grow profit margins
Toxic environment causing terrible employee morale and high turnover
Failures of cowboy managed companies

9. Likely causes of competition
Purchase or merger of a competitor causing in house competition
Pressure to succeed with motivation against others
Slower growth in a department causing available resources to diminish
Removal of job titles
Local pride versus outside competition
Likely causes of competition

10. The end – become a great leader!