Personality traits of Latvian IT'S business leaders as a predicator of management style

Issues related to developing business ideas are topical and widely discussed in Latvia; assessment of factors of business environment and the financial resources and sources that are necessary for innovative solution have also been widely discussed. A number of measures were taken to improve business environment. The current problem remains topical: how to increase management of human resources and how to promote a social dialogue in the society. The authors conducted the study with the participation of 100 respondents who were managers from Latvian ITC companies. The purpose of the study was to explore personality traits of ITC company executives as a predicator of management style. The study provided the answers to the questions raised, which confirm that personality traits of ITC managers are a predicator of management style. An in-depth study of relationship between personality traits and leadership styles can help colleagues and managers to build trust and to communicate better with each other and to cultivate stronger organizational culture, by taking into account the strengths and weaknesses of every individual employed in the organization. Exploration of predicators of management style allows the manager to occupy a managerial position in the most appropriate structural unit of the organization, thus leading to a promotion of better cooperation and minimization mistakes. As part of this study, a linguistically adapted version of the tests was used as a survey: Big Five Personality Test (BIG 5), Robert Blake & Jane Mouton’s the Managerial Grid. The following methods of statistical processing and analysis of data were applied in the study: descriptive statistics; Kolmogorov-Smirnov criterion in Lilifor's modification; visual analysis of boxplot; Spearman's rank’s correlation coefficient; Kendall correlation coefficient; parametric one-way analysis of variance ANOVA; multiple regression analyses. Data processing for this empirical study was carried out by the use of data processing program SPSS (Statistical Package for the Social Science) version 22.0.