Task PRINCIPLES OF MANAGEMNT Introduction Principles of management are art of taking control, making decisions by the help of individuals in the firm so that the company can achieve its objectives. It requires a collective responsibility of both the managers and the employees if it were to be successful. Thus, various principles that are required of managers and leaders are discussed below; Managers must have control and authority over the business. As the key decision makers, they should always be provided with freedom to make changes when necessary (Goetsch and Stanley, 2014).
Such is the case when Ferguson decides to bring in a new culture to Manchester. He sold key players such Norman and introduced new fitness without hesitation. He saw this as the only to start bringing the change to old Trafford. Unity is quietly detrimental to the success of the organization. It results in confidence, commitment of the staffs to the goals of the business. Unifying employees’ right from the top to bottom makes staffs be even freer with each other and make the flow of information easier.
Thus, Ferguson treated all workers equally at old Trafford be it players, kit washers and the entire managerial team that made them fill a part of the united family. This brought cohesion and makes management easier. Discipline; respect among organization members both the senior and the junior members should be ensured if the firm were to succeed in its stated objectives. A more respectful workforce accepts decisions and is more flexible to issues as they integrate company issues (Goetsch and Stanley, 2014).
For instance, Ferguson quickly terminates Roy Keane contract when he criticized other players. The coach understands the effect this would have on the actors and for him to restore the confidence, Keane had to leave. Thus among staffs, it does not matter who you are as long as you are the indiscipline, the manager should not tolerate. Every manager must have a vision for the organization they work for. The actions that managers take must have a clear idea on how to propel the company forward both at present and into the future.
Such was the case when Ferguson decided to invest in the young prodigy of players. He established a high Scout system that captured players like gigs who later helped united to achieve massive trophies. This saves unnecessary spending ensuring increased profits to the organization and provides long-term stability. Motivation of employees; management should be able to courage its staffs in the process of undertaking duty. The employees may be small at times and might fill they have lost the function.
It will only take a motivating manager to bring back such confidence to them. For example, at half time United players were trailing Bayern Munich; it took Ferguson wise words to the players to fight for the trophy in the second half that they eventually won. Distribution of the work; a big institution cannot be left to a single individual or a particular department, but division is necessary. Ferguson does this by spreading duties to scouting team, directors of football who negotiated transfers. This enabled Ferguson to achieve its objectives with ease. Work cited Goetsch, David L., and Stanley B.
Davis. Quality management for organizational excellence. pearson, 2014.