"There are twists and turns in the business world and twists and turns in football," the City chairman told the club's official website.
"Fans see those twists and turns, but what we don't want to do is change our direction and change what we're trying to get done over the long term based on a couple of results.
"A few results from the last few games have not gone in our favour and what you don't want to do in situations like that is panic.
"We're looking forward to a better second half of the year and Mark is working hard to correct some of the challenges that we've got.
"Mark's got some challenges in some of the playing areas, he doesn't have a very deep squad and he talks about that.
"Mark is an experienced guy and an experienced manager. He knows what success looks like and that he has a role to play in delivering that success."