The document outlines the principles of The One Minute Manager approach to management. It discusses setting goals using one minute goal setting, with goals defined behaviorally and measurable. It also covers praising employees for achieving goals using one minute praisings immediately after they do something right. Managers are instructed to reprimand mistakes using one minute reprimands by addressing the behavior, not the person. The overall approach aims to get big results from employees in very little time through these quick goal setting, praising, and reprimanding techniques.