The Principles of Good Management-
                                                                                                                                                                      The skill of management can be learnt from the books but put it is difficult in putting into practice.. However if person who is on the top of management and tells you his own practical experiences then it becomes easy to adopt it. The theory and practical has such wast difference.
                                                   The CEO of Master Card Ajay Banga  very recently talked to the management students about the principles of management in very practical manner. Ajay Banga is even occupiing very high position in US administration as a member of advisory committee for trade policy and negotiation. He is also chairman of the US-INDIA Business Council.
                                                 He pointed out the following factors which are important for the Management point of view-
1)One must be conscious about the urgency. Therefore information should pass on very fast. He said that adverse developments should be given more importance for taking immediate and corrective measures in management. Hence he said in light manner that good news can come through stairs but bad news should reach to higher management through elevator.
2) One may hear all others in  management but  should have sense of urgency to take decision and execute the same. Hence one must have sense of balance in management
3)One must have  courage to take calculated risky decision in the management.
4) One must continuously introspect and ask himself whether he is missing anything in his management. However that does not mean that he should be fearful.
5) One should be global in management in order to equip himself effectively. Therefore you must be surrounded by people with different views, nature and experiences. He stressed more on diversity in the management.
6) One should always do good for whom he manages and for others who are concerned with
                                               These are the practical management principles coming from the CEO of the most reputed company in the world
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