Question

The application principle of management are dependent upon the prevailing situation at a particular point of time 'state and explain the features of management principle mentioned here

Answer 1

Dear Student,

Principles of management are contingent i.e. they are dependent upon the prevailing situation at a particular point in time. Management principles are applied in every situation where the objectives are attained through group efforts. All social, economic, political or religious organizations apply management principles to their successful operations. Every organization must make the best possible use of its available resources through the application of management principles along with managerial functions such as planning, organizing, staffing, directing and controlling.

Regards.