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The Twelve Management Principles

1. Clearly state the purpose and mission of your business.

Set high objectives that are noble, just and fair.

2. Set specific goals.

Once targets are set, share them with all employees.

3. Keep a passionate desire in your heart.

Your desire must be strong and persistent to penetrate into your subconscious
mind.

4. Strive harder than anyone else.

Work steadily and diligently, one step at a time, never relenting in tedious tasks.

5. Maximize revenues and minimize expenses.

Measure your inflow and control your outflow; don't chase profit, but let it follow
your effort.

6. Pricing is management.
Pricing is top management's responsibility: to find that one point where customers
are happy and the company is most profitable.

7. Success is determined by willpower.

Business management requires a persistent, "rock-piercing" will.

8. Possess a fighting spirit.

Management requires a more combative mentality than any martial art.

9. Face every challenge with courage.

Be fair and never deceive others.

10. Always be creative in your work.

Innovate and improve continuously. Today should be better than yesterday;
tomorrow, better than today.

11. Be kind and sincere.

Business is based on partnerships and must bring happiness to all parties.

12. Always be cheerful and positive; hold great dreams and hopes in the pureness of
 your heart.

Management Philosophy

Set of beliefs as used by an individual in a management position to guide the decision

making process.

My management philosophy was a lot different than my competitors because I placed more
emphasis on certain areas that no one else did.

The company had a very conservative management philosophy. Consequently, they did not spend
lavishly or give large raises, but maintained the status quo.

If you want to make sure that everyone in your work place respects you then you should always
stick to your management philosophy.

Read more: http://www.businessdictionary.com/definition/management-

philosophy.html#ixzz3et0Bu42l

How to Write a Management

Philosophy
A management philosophy expresses an individual's opinion on best
management practices, and, as it differs greatly from one management
professional to the next, can be an element of consideration during the hiring
process. Writing a management philosophy can be a great way to communicate
your work ethic to a potential employer and can function as a mission statement
for yourself as to why you choose to perform your management duties the way
you do. When you write your management philosophy, it's crucial to understand
that it must be founded on theory and practical experience and communicated in
a clear, yet engaging manner. The following steps will show you how to write a
management philosophy.
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Steps
 1.

1
Open the introduction to your management philosophy with a brief
statement about what you consider to be best management practices.

 For example, you could state that your management philosophy is

that a good manager thrives on his or her employees' feedback or
that a manager must focus primarily on strategy implementation.
 Write down what you consider to be fundamental to a manager's
proper and effective functioning within any organization.
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2.

2
Expand on your statement in the body of the text.

 Explain how you perceive the ideal relationship between a manager

and his or her employees to be. Is it one of camaraderie and
communication, or one of leadership and strategy?
 Define your role as a manager. This should be an ideal description
of how you perceive yourself to be the most effective in an
 organization. Highlight how your talents support your management
philosophy.

3.

3
Describe which management strategies you adhere to and why.

 It's not only important to explain where you learned the strategy-
which can allow you to touch upon your education�but also how
they proved effective in your personal experience. Provide
examples of how these strategies helped you in professional
situations and how they benefited the company.
  Use quotes from scholars and management authorities. Make sure
all quotes are correct and choose authorities that are recognized in
your field.

4.

4
Conclude your management philosophy with a summary of your statement,
the ideal relationship between manager and employees, your role and your
view on management strategies. Tell the reader how your management
philosophy helps guide you to your professional goals as a manager.
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Tips
 Keep your management philosophy primarily focused on 1 main topic
instead of launching into too many ideas. This will keep the reader
engaged without confusing him or her.