The Main Principles of Management Essay Example | Topics and Well Written Essays - 500 words

The Main Principles of Management - Essay Example This makes them responsible for operational decision making and performance improvement (Hill, 2006). The third principle is an integration of effort whereby the entire organization moves towards a common objective regardless of one’s position in the organization. The fourth principle involves the business taking a lead in determining industry standards and practices, being out-front. The fifth principle is being up-front, meaning that everything is conducted with integrity and openness. The sixth principle is resourcing the medium term which means that the business is able to effectively balance short and medium-term requirements. The business is able to make orders and supplies in good time (Carpenter, 2009). The seventh principle is time-based. This calls for timely orders, supplies and dealing with emergencies as required. This helps in ensuring that employees do their work within a given time frame and deliver to clients in good time. The eighth principle is bias for action and this means that the business is good at implementing ideas and strategies. When ideas and strategies are shared out and not acted upon, they are not useful and do not improve the workers and business as a whole. The ninth principle is learning focus whereby everyone in the business gets involved in a learning or development programme. This ensures that the business grows as well as the people in and working for the business (Hill, 2006). The tenth principle is discipline. The business invests in policies, procedures and standards that are to be upheld, failure to which penalties are applied. The eleventh principle is that of measurement or reporting and publication. This involves measuring and reporting to the employees’ financial and non-financial performance information needed to excel. Customer value is the twelfth principle and involves all employees striving to enhance customer value creation. This helps in getting and retaining customers. The thirteenth principle is capabilities creation whereby business and organisational capabilities are defined as priority areas.  Ã‚