Sunday, May 23, 2010

Five Principles of Management

I have just came back from BFA conference and learnt about the Five Principles of Management:-
NUMBER ONE- Choosing results over status,
NUMBER TWO- Choosing accountability over popularity,
NUMBER THREE- Choosing clarity over certainty,
NUMBER FOUR- Choosing productive conflict over harmony,
and finally...
NUMBER FIVE- Choosing trust over invulnerability.

Later, I done a research that probably the original source of the principles actually came from (correct me if I am wrong) the book called "The Five Temptations of a CEO: A Leadership Fable (in Hardcover)".

My business partners who also rendered their thoughts about these principles and shared with me that some distinguished and successful CEOs highlighted in the Forbes practices such value system.

What is most intriguing is that in summary, every CEO faces the five elements of temptations in their corporate life:
1. The desire to safeguard their career.
2. The desire to become popular.
3. The need to make "correct" decisions.
4. The belief that it is better for people to get along then have conflict.
5. The desire for invulnerability.

What do you think?
You should know best whether these are the common challenges in your climb on corporate ladder. Are these pointers relevant to your situation?

Have a productive day, folks.