What is management philosophy and what does it mean?

Management philosophy means the concept of management in terms of rationality, the enhancement of management philosophy is a further understanding of management, in short, a redefinition of management. In short, it is a redefinition of management. It is furthermore a realization of what management is and what it will be. The positioning of the management concept is the key to the sustainable development of the enterprise.

In the new environment, knowledge and the main carrier of knowledge people in the production of products and services play an increasingly important role in the process, enterprise management requirements around the enterprise's people and knowledge management.

The knowledge-based management idea shows that the enterprise knowledge resources is the source of innovation, in order to fully develop and effectively utilize the enterprise knowledge resources, knowledge production for the purpose of innovation, the enterprise needs to establish the organizational learning mechanism, and planned and organized various organizational training activities and external knowledge resources. In this way, the enterprise's knowledge resources can be integrated into the product or service and its production process and management process.

Steps for Implementing Management Philosophy

I. Balancing Interests

In the business management of an enterprise, it is necessary to deal with the complex relationship of interests, and whether or not the core interests of the enterprise can be stably and continuously existed and grown will depend on what the core members of the enterprise arrange the pattern of interests with the other stakeholders, which further depends on what the basic moral concepts of the core members of the enterprise are. ethical values of the core members of the firm.

II. Controlling Risks

Enterprises are always faced with a variety of risks in their operations. Controlling and reducing risks is one of the basic elements of business management. In fact, there is no certain control of risk and risk-taking ability, risk-taking can only have one result, not a greater chance of profit, but a greater chance of loss. The vocation of business is to control and take risks, and this should be the basic moral code of business.

Three, innovation

Enterprise survival and development requires enterprises to have the ability to continuously adapt to market changes and exceed the market. This requires enterprises to carry out continuous learning and innovation activities. A specific content of the spirit of enterprise adventure is the spirit of learning and innovation, that is, constantly beyond the market environment and the spirit of advancing into the unknown.

Four, the accumulation of wealth

Wealth has a variety of ways of existence, labor is wealth, patented technology is wealth, plant and machinery is wealth, money, bonds and stocks are also wealth. However, entrepreneurs must realize that labor, technology, capital and equipment piled together does not form a business. The essence of an enterprise is a unit that organizes production more efficiently than the market. An entrepreneur who is truly responsible for the development of the enterprise should learn to build the organization through the system, rather than through the individual to carry the organizational value of the enterprise.

Baidu Encyclopedia-Management Philosophy