Write short answer for the following.
What is the nature of principles of management.
What is the nature of principles of management.
The following points highlight the nature of principles of management:
i. Universal - Universality of management principles implies that they can be applied to every firm, irrespective of its size, nature or location.
ii. Act as guidelines - Management principles act as guidelines; they are considered general premises for decision making. However, they do not provide straitjacket solutions to all problems.
iii. Experiment based - Management principles have been developed through years of research and experimentation; that is why they are technical in nature. They pertain to different working situations and can be modified by managers as per the situations and requirements.
iv. Behavioral - Management principles aim at influencing the behaviour of individuals; the applicability of these principles varies according to changes in human nature.
v. Indicative of cause–effect relationship - As management principles are based on years of experimentation, they provide a definite cause and effect relationship.
vi. Contingent - Management principles are contingent, as they can be used in different situations depending upon the nature of the manager and the requirement of the situation.
i. Universal - Universality of management principles implies that they can be applied to every firm, irrespective of its size, nature or location.
ii. Act as guidelines - Management principles act as guidelines; they are considered general premises for decision making. However, they do not provide straitjacket solutions to all problems.
iii. Experiment based - Management principles have been developed through years of research and experimentation; that is why they are technical in nature. They pertain to different working situations and can be modified by managers as per the situations and requirements.
iv. Behavioral - Management principles aim at influencing the behaviour of individuals; the applicability of these principles varies according to changes in human nature.
v. Indicative of cause–effect relationship - As management principles are based on years of experimentation, they provide a definite cause and effect relationship.
vi. Contingent - Management principles are contingent, as they can be used in different situations depending upon the nature of the manager and the requirement of the situation.
