Leading Management Principles
LeadingManagementPrinciples14 Principles of Management forEffective Management StylesTo subscribe to receive regular leadership content, visit Leadercast.com and sign up for our free newsletter.1
ContentsIntroduction3Defining Management Principles3The Importance of Management Principles3What The Experts Say3Management Principles for the 21st Century4Ethical Leadership as Good Business Practice5Lead People, Manage Tasks6Develop a Strategic Vision7Building Trust and Loyalty8Inspiring Followership9Effecting Change10Communicating in Your Organization11Developing a Winning Team12Managing Organizational Conflict13Genuinely Empowering Leaders for Success14Building an Authentic Organizational Culture15Building Social Responsibility16Leading a Diversified Workforce17Continuously Develop Leadership18Summary19References20To subscribe to receive regular leadership content, visit Leadercast.com and sign up for our free newsletter.2
IntroductionThis paper provides a comprehensive discussion of 14 leadingmanagement principles that significantly shape leadership. It’simportant coverage for leaders at any level who are looking for afoundational roadmap to: Lead ethically Develop strategic vision Build trust Encourage followership Anticipate and manage change Focus on leading people Communicate effectively Create high-achieving teams Lead in times of conflict Genuinely empower those around them Build an authentic organizational culture Foster social responsibility Develop and lead a diverse workforce Continually grow as a leaderEffective management is a primary objective for leaders acrossthe globe. At Leadercast, we are committed to helping peopledevelop positive leadership values and behaviors. Better leadershiphelps build stronger communities, businesses and organizations.Implementing principles to guide your management style elevatesyour leadership effectiveness and helps you inspire and preparefuture leaders.Defining Management PrinciplesManagement principles serve as guidelines for the decisions andactions of leaders. A principle, by definition, is a fundamental truth.Therefore, management principles are the fundamental truthswithin an organization that contribute to its growth and sustainits viability. All organizations employ principles that help themfunction on a daily basis. This discussion will provide insight intothe management principles that drive your organization.Management principles are the fundamental truthsthat exist within an organization to support itsgrowth and sustain its viability.Organizations depend on their management principles to “plan,organize and control operations, providing direction andcoordination, and giving leadership to human efforts, so as toachieve the objectives of the enterprise.” 1 Management principlesvary depending on the business, industry and/or culture of anorganization. For example, a customer service organization mayestablish management principles around providing a superiorcustomer experience. Businesses that deliver fast-to-marketproducts may establish management principles around innovation.And while the management principles in your organization mayevolve over time, most organizations are built upon a foundationalset of management principles that steer organizational growth andeffectiveness.The Importance of ManagementPrinciplesLeaders and managers fill a variety of roles within an organization.They are charged with efficiently and effectively overseeing businessoperations and achieving organizational goals, while successfullyleading and developing the people on their team. Simply stated,managers are responsible for getting the work done.The principles that guide leaders are just as vital to an organizationas the people who employ them. Without guiding principles, leaderscan quickly become disconnected from the organization’s vision andmission. Not surprisingly, management principles are most effectivewhen they:Are practiced throughout an organizationConsistently govern decisions, communication,values, and cultureDrive opportunities for growth, innovation andindustry/market leadershipWhat The Experts SayTheorist Henri Fayol pioneered the research into fundamentalprinciples of management. In his theory, Fayol outlined acomprehensive study of 14 principles of management relevant toorganizations of the early 20th century.New research supports the changinglandscape of today’s organizations.While the terminology may differ, many of Fayol’s principles canstill be seen in leadership today, such as: unity of direction, visionand esprit de corps (employee engagement and motivation). Duringthe latter half of the 20th century, technological innovation — alongwith a dramatic shift in equal opportunity employment, leadershipdiversity and globalization — demanded new research and testimonyTo subscribe to receive regular leadership content, visit Leadercast.com and sign up for our free newsletter.3
regarding management principles that can support the changinglandscape of both local and global organizations.14 Principles of ManagementPrinciples of Management for the21st Century1Ethical LeadershipContemporary management principles support the goals ofan organization as well its culture and people. Consider yourorganization’s foundational principles as we discuss the topics in theadjacent column.2Lead People, Manage Tasks3Strategic Vision4Trust5“Followership”6Change Management7Communication8Team Development9Conflict Management10Empowerment11Culture12Social Responsibility13Diversity14Leadership DevelopmentAll leaders employ management principles,whether they realize it or not.The 14 principles of management discussed in this report areapparent in nearly every 21st century organization — in differentdegrees and perhaps identified with different titles. Consequently,even managers who ascertain that they do not need to employ a setof management principles are already doing so simply by the way inwhich they lead.As you review this report, consider your organization’s managementprinciples and how they impact organizational structure; growth;employee engagement; culture, and success.To subscribe to receive regular leadership content, visit Leadercast.com and sign up for our free newsletter.4
Learn More AboutManagement PrinciplesClick here to watch Leading withConsistency on Leadercast Now.Management Principle #1 : Ethical LeadershipEthical Leadership as GoodBusiness PracticeToday, leaders are overseeing larger teams, multiple projects,and often increased geographical locations. To help support theadditional demands placed on leaders, many organizations offertraining, workshops and seminars to help leaders develop bestpractices to guide their organizations more effectively. Still, manyleaders may not recognize how far-reaching their influence is andthe impact their actions have on the employees they lead. Ethicalbusiness behavior is an essential leadership responsibility. As JulieBauke comments in her talk, Leading with Consistency, “Leadersneed to realize that everything they say and do is always beingwatched and potentially scrutinized.”Ethical leadership is not a new concept. In business, ethics are thevalues, morals and principles that an organization and its leadersuse to govern business practices, actions and behaviors. Importantly,ethical behavior reveals a leader’s integrity even when othersaren’t able to observe their conduct.2 Experts use the terms“moral business practices” and “ethical behavior” interchangeably,as both phrases indicate the values and principles associated withhonest, fair and respectful business behavior.Because we live in a world of diverse cultures, business practices canvary greatly depending on country, region or customs.3 In addition,everyone in an organization will not hold the same beliefs, integrityor level of loyalty and conscientiousness with regard to businesspractices. That’s why organizations must clearly define ethical practicesand leaders must consistently model and communicate them.A contrast in beliefs does not exempt leadersfrom operating with moral and ethical values.An organization has a universality of managerial moralresponsibility.4 That is, certain ethical principles must be practicedno matter the culture, country or custom. Ethical leadership shouldguide every business decision and every organizational practice,policy and action. Moral and ethical responsibility at a leadershiplevel should be practiced consistently across the board.While it might sound counter-intuitive, experts recommend thatmanagers use caution when relying on their own moral standardsof behavior or their feelings of what is right when making businessdecisions. Why? A person’s own standards may not consistentlyalign with the organization’s, and can have a significant impact onthe decisions and behaviors of followers.5 Instead, it is imperativethat leaders employ the ethical business principles defined by theirorganizational management. These principles should enable leadersto act responsibly and with integrity, respect, dependability, andtransparency. Establishing the management principle of ethicalleadership identifies an organization to its employees, stakeholders,customers, and prospective clients as a business that offerstrustworthiness, competency, reliability, and security.6 People feelconfident working for and doing business with leaders who valueethical behavior as a consistent priority.Actionable InsightEthical leadership is more than a good business practice; it is aguiding foundation for the behaviors and actions of leaders andthose who follow them. Utilize this management principle to actconsistently behave responsibly, create customer loyalty, buildfollowers, retain employees, and build a reputation as an ethical,values-based organization.Principlesof w is ethical behavior integrated into the guidingprinciples of your organization?2.What can you do on a daily basis to demonstrate ethicalbusiness practices to those around you?To subscribe to receive regular leadership content, visit Leadercast.com and sign up for our free newsletter.5
Learn More AboutManagement PrinciplesClick here to discover moreinsights on Leadercast Now.Management Principle #2 : Lead People, Manage TasksLead People, Manage TasksWith the responsibility of executing strategy and managing day-today needs, leaders often have very little time to focus on developingthe people they lead. However, John Kotter, a leading researcher inorganizational change management and Harvard Business Schoolprofessor, says, “Leaders must create a culture of leadership.” 7 Thisrequires defining and using management principles that encourageintentionally leading people and leave the managing to tasks.Lead PeopleGreat leaders use their influence to craft a vision for theirorganization, their teams and themselves. This influence isexhibited by the example that leaders set within the organization,such as including stakeholders when identifying and executingorganizational goals, or supporting people in achieving personalgoals alongside business objectives.People-first leaders must guide with heart,passion, connectedness, and compassion.People-first leadership connects with the human element oforganizational management. The relational component of leadershiprequires interpersonal communication and collaboration. Authenticleaders display a variety of characteristics that shape their influenceon others, such as passion; self-discipline; purpose; consistency;connectedness; compassion; relationship-building, and adhering to acore set of values and behavior.8Manage TasksTask management (or project management) is a necessarycomponent of leadership. Regardless of an organization’s vision,mission or values, successful task management ensures that thefundamental operations of an organization are accomplishedefficiently and effectively. Unfortunately, many leaders believe thatthey must choose task management over inspirational leadership, orthat they should manage tasks and people using the same approach.But differentiating one’s leadership to support and develop peopleactually influences their ability and success in accomplishing theorganizational tasks.Actionable InsightThe “Lead People, Manage Tasks” management principleunderscores a people-centered approach to leading, whilerecognizing the necessity for managing and completing tasksthat drive the business. Making this important distinctionallows leaders to empower and develop the people theylead, which has a positive effect on their ability to achieveorganizational goals.Principlesof ve you considered making the distinction betweenleading people and managing tasks? What would this looklike to the people around you?2.How does your leadership style differ from yourmanagement approach?To subscribe to receive regular leadership content, visit Leadercast.com and sign up for our free newsletter.6
Learn More AboutManagement PrinciplesClick here to watch MakingVision Stick on Leadercast Now.Management Principle #3 : Strategic VisionDevelop a Strategic VisionA clear and compelling vision is one of the most powerful elementsof an organization’s success. Establishing a strategic vision linksthe current position of your organization with its future, and isa roadmap leaders use to steer their teams. The developmentof a strategic vision must align with an organization’s guidingmanagement principles.A strategic vision links the current positionof your organization with its future.In his Leadercast Now video, Create A Climate For People To Thrive,General Hugh Shelton explains that people expect leaders to havea vision for where they are going. “What does the boss want toaccomplish? Where does he want to carry us? How can I help him getthere?” A strategic vision drives your team to take the organizationfrom where it is to where it needs to be.Strategic vision has often been compared to a roadmap for a journey.Without a roadmap, the organization can get lost, accidentally takedetours, or end up in a completely different place than it plannedto go. The Barna Group reports that 32% of all workers share thattheir bosses lack a clear vision and direction for their teams.9 Thisfailure could simply be the lack of a clearly communicated roadmap.A strategic vision outlines the path to the goal. Even if your teammust make a detour at some point, a strategic vision will serve as theconsistent definition of the initial goals, so that you and your teamcan consider alternate routes but still achieve the desired results.In his Leadercast Now video series, Making Vision Stick, AndyStanley, founding pastor of North Point Community Church, shareshow important it is for leaders to get the vision right. He believesthat in order for a vision to “stick,” it must be clear, simple andmemorable. Andy adds that the success of an organization is relatedto the constant care of and attention to the vision.As a leader, it’s your responsibilityto make sure that the vision sticks withthe people you’re working with.Try these three steps to casting your vision: Define the problem. Your organization is actually a solution to achallenge or problem — although you may not have thought about itin this way. What is the problem your organization solves? How does your organization uniquely solve that problem? Why does your organization need to tackle that problem now?Actionable InsightCreating a clear vision for your organization is an importantfirst step for communicating organizational goals. It is a leader’srole to craft a clear, simple and memorable vision as well as aroadmap to achieving it, so that everyone in the organizationcan understand and follow.Principlesof at are you doing to make your organization’s vision“stick?”2.Ask yourself these questions: Do the people I work with understand what we’re doingand why we’re doing it? Do the initiatives we’re working on align with our vision?To subscribe to receive regular leadership content, visit Leadercast.com and sign up for our free newsletter.7
Learn More AboutManagement PrinciplesClick here to watch Do Your PeopleTrust You on Leadercast Now.Management Principle #4 : TrustBuilding Trust and LoyaltyIn his video, Do Your People Trust You?, Dr. Henry Cloud, leadershipexpert and best-selling author, asserts, “All leadership influence isbuilt upon the foundation of trust.” Leaders must consistently buildtrust as a guiding principle of management. It goes beyond being trueto your word; employees need to trust that their leaders will treatthem respectfully, act with integrity, and compensate them fairly.If employees lose trust in their leadership, the entire organizationsuffers.Trust affects everyone involvedin the organizational relationship.If you consider the nature of any organizational relationship,most organizations would not exist without trust. This holds truewith regard to an organization’s community, partners, leaders,employees, customers, or members. While people generally enterinto a relationship with organizations and their leaders bearing aninitial level of trust, it must be continually maintained and cultivatedor the relationship will end.10 Instituting guiding principlesregarding leadership trust helps ensure long-term relationships andorganizational endurance.It is imperative for leaders to assess how their personal behaviorsestablish trust among those they lead. Employees must see leadersas authentically reliable, dependable and respectful in order toconsider them trustworthy.Very few followers exhibit loyaltywithout first establishing trust.Frank Sonnenberg, President of RMI Advertising, shares that “trustmust be carefully constructed, vigorously nurtured, and constantlyreinforced. And it can be destroyed by a single action.” 11 As leadersconsistently behave with integrity, they create and support a cultureof trust among clients, colleagues and employees. Trust has theadditional benefit of inspiring loyalty among these constituents;however, very few followers exhibit loyalty without first establishingtrust.In the Leadercast Now video, Trust: Do You Have It In Your Team?Patrick Lencioni, founder and president of The Table Group, shares:“The kind of trust that makes a team great is called vulnerabilitybased trust. That’s the kind of trust that comes about when people ona team can say things to one another like, ‘I don’t know the answer;’‘I think I screwed that up;’ ‘I need help;’ ‘You’re smarter than I am;’‘I want to be more like you, can you teach me to be like you?’ or ‘I’msorry, I was totally unfair to you yesterday and I should apologize.’When people can be that emotionally vulnerable, it creates adynamic like nothing else.”Actionable InsightBuilding, nurturing and maintaining trust in all organizationalrelationships is essential as a guiding management principle.When leaders establish trust, they foster more authenticcommunication and loyalty among team members, colleagues,stakeholders, customers, followers. It takes time and intentionto build trust; but one untrustworthy behavior can diminish ordestroy organizational relationships.Principlesof ve you taken a personal inventory regarding howreliable, respectful and dependable you are?2.Are you willing to ask your colleagues and/or those youlead for input regarding the trust they have in you?To subscribe to receive regular leadership content, visit Leadercast.com and sign up for our free newsletter.8
Learn More AboutManagement PrinciplesClick here to watch People WillNaturally Follow a Leader WhoCares on Leadercast Now.Management Principle #5 : FollowershipInspiring FollowershipCan you be a leader without a team? Absolutely. Leaders are thosewho embody and exhibit leadership values and behaviors, regardlessof whether or not they have a physical team. Leaders do not have
Task management (or project management) is a necessary component of leadership. Regardless of an organization’s vision, mission or values, successful task management ensures that the fundamental ope
Purpose of Principles and Practices of Financial Management 3 Principles and Practices 4 Compliance 4 Overriding Principles of Financial Management 5 Principle regarding legal and contractual obligations 5 Principles regarding the general management of smoothed bonus business 5 .
UNIT 1: COURSE INTRODUCTION Principles of Emergency Management Page 1.2 How to Complete This Course (Continued) Unit 7: Functions of an Emergency Management Program, presents the core functions of an emergency management program. Unit 8: Applying Emergency Management Principles, provides practice in applying emergency management principles in a problem-solving activity.
Global Employment Principles Human Rights Principles Environment Principles Supplier Conduct Principles. . principles and doing business with those who do the same will help us maintain a competitive advantage . management can create economic opportunities around the world and be a positive force for the environment.
As part of the demutualisation scheme, the Demutualisation Principles of Financial Management were to apply to all policies in existence at that time. The principles and practices described in this document are intended to be consistent with the Demutualisation Principles of Financial Management. The Demutualisation Principles of Financial
The Principles catalog captures principles of the business and architecture principles that describe what a "good" solution or architecture should look like. Principles are used to evaluate and agree an outcome for architecture decision points. Principles are also used as a tool to assist in architectural governance of change initiatives. The Principles catalog contains the following metamodel .
MassBay EC 201 Principles of Macroeconomics 3 -- Bridgewater ECON 102 Principles of Macroeconomics 3 MassBay EC 201 Principles of Macroeconomics 3 -- Fitchburg ECON 1100 Principles of Economics: Macroeconomics 3 MassBay EC 201 Principles of Macroeconomics 3 -- Framingham ECON 101 Principles of Macroeconomics 3
of surfaces, there is a need to modify these principles. The principles of green tribology will be formulated in the following section. 2. Twelve principles of green tribology Below, we formulate the principles of green tribology, which belong to the three areas, suggested in the preceding section. Some principles are related to the design
RP principles My findings through Asian, European WS Aug 27-28 2013 Dec 16-18 2013 Principles of bioethics "Georgetown Mantra" I found that all the RP principles can/should be related all the bioethics principles, i.e., all the ethical principles should be implemented in RP system and actual situations.
