Page 38 - DLIS104_MANAGEMENT OF LIBRARIES AND INFORMATION CENTRES

Unit 5: Collection Development Section

5.3 Principles and Factors Notes

The theoretical foundation for the process of corporate reputation management within the scope
of reputiology represents a single set of special guidelines that have not yet been developed,
versus broad principles of production management and setup. The principles of corporate reputation
management should be scientifically well-founded basic assumptions which serve as the basis for
good management.
With the aim of determining the principles of corporate reputation management, broad principles
of management are worth investigating. There are two approaches while defining the role of
principles touching upon any matter. Some scientists argue that all, but not less than all principles
must be metal. The system is out of operation or the principles defined incorrectly. Others take up
the position that observance of all the principles is unessential. James Smith being related to the
latest observed the following principles of taxation by Adam Smith: “This is the perfect distribution,
in common with the other principles of perfection is impossible to put exactly into practice, but any
empirical research prima facie should rely upon knowing the ideal”.
From our point of view, it is required to support the contemplation that all principles of management
need to be met. In the literature it is often overlooked. Sometimes the term “principle” is replaced by
the notion of “opportunity”, “condition”, etc.

Did u know? If any of management principles fails to be met, from a theoretical point of
view, on our end it is reasonable to suppose that management is whatsoever
absent. That is how come determination of the principles of corporate reputation
management represents an important theoretical problem.
The principles in question should be objective and not depend on the subjective desires.
Principles are used to identify objectives, formulate a strategy and arrange conditions of running
organizations effectively. They must be supported by the laws of the dialectic generalizing the
global economic experience. Significant alterations in economic climate of any country, switch to a
further reach fill theory and practice with an updated content. Evolution perfects the language of
science, its terminology p. the principles which different AA interpret differently. To create a positive
corporate reputation, we should base ourselves upon broad and domain principles.

Methods

The authors used the logical method and assumptions in the pursuance of the research. The
fundamentals of economic and finance development, formulated and investigated by science and
proven as a practical matter includes:
the principle of capacity to pay means that it is required to ensure ability to pay debts at any
time;
the principle of maintenance the initiative, determines the course of developments, and
represents a response to external circumstances;
the principle of profitableness for the enterprise;
the principle of concentration ensures that all efforts of the enterprise will be aimed at
obtaining the desired result and concentrated in the desired point in the right place;
the flexibility principle indicates an adequate structural strength of the strategy with a view
to ensuring the headroom. With a flexible and intent policy this permits the use of one and
the same resources in the strategy to win the desired positions without undue delay;
the coordinated management responsibility. The managers should be selected and moti-
vated in such a way as to make their own interests and values respond to the role they are
to signify. To realize the strategy successfully there is more to carry out commitments than
entering into them.

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