Question

Explain any five characteristics which reflect the nature of Principles of Management.

Answer 1

1.Principles of Management are Universal

• Management principles are applicable to all kinds of organizations - business & non business.
  

They are applicable to all levels of management.

2.Principles of Management are Flexible

• Management principles are dynamic guidelines and not static rules.
  
• There is sufficient room for managerial discretion i.e. they can be modified as per the requirements of the situation.
  

3.Principles of Management have a Cause & Effect Relationship

• Principles of management indicate cause and effect relationship between related variables.
  
• They indicate what will be the consequence or result of certain actions. Therefore, if one is known, the other can be traced.
  

4.Principles of Management - Aims at Influencing Human Behavior

• Human behavior is complex and unpredictable.
  
• Management principles are directed towards regulating human behavior so that people can give their best to the organization.
  

5.Principles of Management are of Equal Importance

• All management principles are equally important.
  
• No particular principle has greater importance than the other.They are all required together for the achievement of organizational goals.