Management Principles and Evaluation Techniques

Proper management principles and evaluation techniques are necessary to effectively run a business. Sometimes the principles govern interactions with employees, while sometimes they are used to analyze a variation with the objectives of a company. It is important for managers to understand when and where to apply different management standards and practices. All this in order to improve margins within the organization's value chain.

Planning

A principle of management is planning. It is the manager's responsibility to plan the day-to-day activities of a business organization. Planning can incorporate all activities within an organization and can include sales goals, people management, and strategic planning. A manager must have the ability to establish A vision for a department or company. Employees need an understanding of where the company is going and how it is going to get there. Managers can

motivate staff so that it meets the goals and objectives established.

Establishment of goals and objectives

Managers are also responsible for controlling the activities that take place within their area of ​​work. authority. They must set standards using the objectives of an organization. The results are monitored on a regular basis to see if the objectives are being met. It is the manager's job to assess the situation to see why there is a variance. Sometimes corrective action must be taken to ensure that goals are met in the future.

Motivate employees

Another principle of management is employee motivation. For a business to run smoothly, a manager needs a cooperative staff. Managers can motivate employees with their words, actions, and deeds. They can inspire and encourage employees in difficult times and help them reach their full potential.

Delegating authority

The managers they also organize the activities of an organization by delegating authority when necessary. Certain activities, duties and responsibilities can be carried out by young employees. A manager is responsible for his scope of control, which can be from 25 to 35 subordinates, depending on the organization. Delegation along with technological advancements can give managers the ability to increase their scope of control.

Performance evaluation

Employees receive performance evaluations, usually on an annual basis, and must be managed professionally by the manager. Performance evaluations They help managers solve performance problems, as well as give recognition when employees go beyond the call of duty. If there is a performance problem, a manager can address them and then, together with the employee, establish an action plan designed to eradicate the negative variations. Performance evaluations also help managers recognize training needs.

Organizational assessment

A company also needs an organizational assessment plan effective instead. Evaluations often seek to find out if goals and objectives are being met. If sales and revenue goals are not met, a manager will assess the factors that may be contributing to the failure. The problem may be with the employees and their training needs, or it could be something that is uncontrollable, such as the economy and market conditions.