Principles of management

The three main mechanisms that managers use to assess output or performance are financial measures, organizational goals, and operating budgets. Please compare and contrast when it would be more appropriate to use one measurement assignment versus another. Thank you.

The mechanisms that managers use to assess performance depends on what they're managing. For a normal business, performance is measured by profit. If you double the profit, being over budget or missing an organizational goal doesn't mean anything. If you're managing a democratic government, good performance is measured in votes. A baseball team's performance is measured in the league standings.

Good management requires:
* A complete understanding of the obstacles to the organization's goals.
* Understanding what problems exist within the organization.
* Understanding what actions will produce the desired changes in the outcome

* The intestinal fortitude to apply those forces when needed.