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

The Main Principles of Management - Essay grammatical caseThis makes them responsible for operational decision making and performance improvement (Hill, 2006).The third linguistic rule is an integration of move whereby the entire organization moves towards a common objective regardless of ones position in the organization. The fourth regulation involves the business taking a lead in determining industry standards and practices, creation out-front. The fifth commandment is being up-front, meaning that everything is conducted with integrity and openness. The sixth principle is resourcing the medium term which bureau that the business is able to effectively balance short and medium-term requirements. The business is able to make orders and supplies in corking 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 inwardly a given time frame a nd deliver to clients in good time. The eighth principle is deflect for action and this means that the business is good at implementing ideas and strategies. When ideas and strategies argon 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 cultivation 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.