The document discusses four main management styles: autocratic, paternalistic, democratic, and laissez-faire. The autocratic style involves managers dictating orders and making quick decisions with high employee turnover. The paternalistic style features protective managers who make most decisions for employees, resulting in lower turnover. Democratic managers involve employees in decisions to make them feel important in a friendly workplace. Laissez-faire managers delegate work and communicate little with employees, giving them more freedom. All management styles are important to businesses.