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My Own Set Of Management Principles

Decent Essays

After considering the readings, I have created my own set of management principles consisting of combination of theories from different key contributors/historians:
1. Division of work – Assigning separate tasks to individual specialists increases productivity. I worked for an auditing firm, which in this case is the organization, where we provide services to clients in various industries. Rather than simply assigning us to just any auditing or accounting job, the organization matched our individual skills and professional goals to specific services such as auditing, tax, advisory or even forensics. Same goes in the corporate world. A mid to large size company does not have a number of accounting staff doing similar work. One can be assigned in the Receivables section while the other one works at the Payables section. A separate individual performs payroll related tasks. Jobs are performed more quickly because employees do not lose time shifting from one activity to another. It is also significant to document employee job descriptions that state their responsibilities and roles.
2. Unity of Direction – Although each employee has his or her personal professional goals, having a unity of direction is essential for the success of every organization. The management should set an organizational goal and plan so that all employees exert efforts to achieve the same objective. It is important to keep everyone focused on the big picture.
3. Management cooperation – My job as an

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