What are management principles? What are the management principles you need to know?

What are management principles?

What is a management principle is understood as a system of oriented management view. They are the rules and regulations that managers and individuals of the organization must follow when performing their duties.

Principles of management usually consist of two main parts. The first is the opinion system with recommended elements. These views often refer to philosophies, mottos, slogans, symbols, etc.

The second part is the system of regulations and rules that are mandatory. The content of regulations will refer to issues of law, rules, regulations, etc.

Features of management principles

1. Objectivity of management principles

Management principles often have content based on the basis, common goals, operating trends and characteristics of that organization. In particular, the principle of objective management will reflect the entire operation of the company and reflect the movement rules of the organization.

2. Relative stability of management principles

Secondly, in terms of relative stability, management principles will create common rules and opinions that are recognized by members of the company. They make the operation and management of the leader easier. In addition, the stability of management principles also builds a sustainable and long-term culture and working style of the organization.

3. Compulsory management principles

Compulsory management principles can be considered as the operating motto, the most basic foundation of a company. Compulsoryness includes operating rules and standards set by the organization's leadership. It requires members to strictly adhere to.

Many studies have also shown that: "Management principles are the basis for leaders to build methods, styles and art of organization management". Therefore, for any company, the implementation of management principles is essential in the operation of the organization.

7 basic management principles

The basic management principles in each organization or business are usually general and mandatory principles. All levels and positions of management must comply. Depending on the business management method, the leader can offer specific management principles for his or her organization. Here are 7 basic management principles.

1. Principles of rational use of power

In the principles of management, the use of power in each position and rank will be different. However, the leader of the organization must also make strict regulations for the management level.

This is to avoid the abuse of power causing difficulties for junior staff. The leadership needs to clearly and specifically describe this management principle for everyone to understand. At the same time, businesses should set up a regular inspection system to avoid bad things from happening.

As a leader, the leader also needs to have appropriate demeanor and behavior, and use power appropriately. The manager should not become an authoritarian, abusive, autocratic or neglectful ruler. Be a wise leader and set an example for other managers.

2. The principle that authority corresponds to responsibility

Authority in the principle of management is the independence and responsibility of the ruler. They can be the person who plays the role of managing, organizing, controlling and issuing the work in the organization.

Working according to the principle of authority commensurate with responsibility means that managers and leaders need to complete their tasks and work according to standards. In addition, it is necessary to comply with the rules and standards with superiors. The manager will be the one to take responsibility when something goes wrong in his department.

The higher the position of the manager, the greater the authority. But with that comes the responsibility to shoulder more than others. Not only are they responsible for their own behavior, managers are also responsible for the behavior of employees in their departments and under their authority.

- To clearly and thoroughly implement this principle, leaders need to:

- Continuously improve the quality of management.

- Observe, examine, monitor, and evaluate management decisions.

- There are sufficient conditions to implement management decisions in the organization.

3. Unity in management

The principle of unity in management concerns the relationship between leaders and managers. Senior managers with low-level people or peers when performing tasks and working according to their positions.

This principle requires managers to have an exchange to agree when making decisions related to the organization. It includes implementation by goal or when performing testing and evaluating results.

In order for the principle of unity to work smoothly and in the right direction, a leader needs to have a clear understanding of his views with his subordinates. From there, proceed to assign clear tasks and powers.

In addition, the weekly briefings are the time for the rulers to know what is going on in the organization. Therefore, these discussions also need to be focused so that the leadership can promptly come up with appropriate solutions.

4. Principles of implementing management process

In an organization, the management process will have to oversee many tasks. These include research, planning, decision making, implementation, testing and evaluation of results.

For a manager, leader, this is not only a mandatory job but also requires highly specialized skills. The quickness and decisiveness of the rulers help the work to run smoothly.

The activity of setting up and implementing the process is essentially the implementation of the overall goal of the organization. Therefore, managers have to equip themselves with skills, professional knowledge, and have a broader knowledge of leadership, scientific organization, etc.

5. Principle of harmonious combination of interests

Key management principles aimed at achieving the overall goals of the organization. However, to do this and ensure the sustainable development of the organization, the manager must understand the welfare system.

A good welfare system is reflected in a harmonious combination of material welfare and spiritual welfare. On the other hand, it can also be economic benefits with political, social and environmental benefits; common interests – private interests; global interests – partial interests; short-term benefits - long-term interests, ....

The harmony of interests is present in the fairness and fairness between the benefits of senior managers and middle managers, between employees and managers. Or even it is between one organization and another. To do this fully, leaders need to:

- Fair and transparent when allocating benefit values.

- To exercise fairness and equality when formulating internal rules, policies and regulations of the organization.

- Stand up to solve problems when there is a conflict of interest in an objective way.

6. Principles of resource combination

For the principle of resource matching, the leader must optimally combine the internal and external resources of the organization. Because, any organization needs a smooth coordination of the above factors to achieve common goals.

For the principle of combining resources, leaders need to put in place policies and regulations related to:

- The adjustment and arrangement of the reasonable organizational apparatus.

- Allocate internal resources appropriately. Easily adjust resources as needed.

- Thorough research, selection and effective use of external resources.

7. Economical and efficient

Using time and resources effectively when accomplishing a common goal is the final management principle to keep in mind. Smart leaders will have to arrange the right resources for peak performance.

Policies that need to be implemented to improve the effectiveness of this last management principle include:

- Division of work, tasks, reasonable empowerment for personnel and departments.

- Make optimal use and fully exploit available resources and documents.

- Research how investment is important when developing human resources.

- Finding and choosing the right technology investment to meet the organization's work needs.

In addition to the 7 basic principles mentioned above, leaders can divide management principles into more specific parts. For example, principles of planning and decision making, principles of leadership and organization, principles of evaluation and control, etc. based on the actual situation of the company.