Answer the following questions. Explain meaning of principles of management and discuss the nature principles of management.

Answer the following questions.

Explain meaning of principles of management and discuss the nature principles of management.

ANSWER:

Management principles are the basic truths that govern managerial behaviour. They help managers in taking managerial decisions. They are the general premises that can be applied to different situations.

The following points highlight the nature of the principle 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. Flexible - Management principles are not rigid in nature. They can be moulded by managers as per the need of the hour.

v. Behavioural - Management principles aim at influencing the behaviour of individuals; the applicability of these principles varies according to changes in human nature.

vi. Indicative of cause–effect relationship - As management principles are based on years of experimentation, they provide a definite cause and effect relationship.

No comments:

PDF FILE TO YOUR EMAIL IMMEDIATELY PURCHASE NOTES & PAPER SOLUTION. @ Rs. 50/- each (GST extra)

HINDI ENTIRE PAPER SOLUTION

MARATHI PAPER SOLUTION

SSC MATHS I PAPER SOLUTION

SSC MATHS II PAPER SOLUTION

SSC SCIENCE I PAPER SOLUTION

SSC SCIENCE II PAPER SOLUTION

SSC ENGLISH PAPER SOLUTION

SSC & HSC ENGLISH WRITING SKILL

HSC ACCOUNTS NOTES

HSC OCM NOTES

HSC ECONOMICS NOTES

HSC SECRETARIAL PRACTICE NOTES

Balbharati Solutions for Class 12

Biology 12th Standard HSC Maharashtra State Board

Book - Keeping and Accountancy 12th Stantard HSC Maharashtra State Board

Chemistry 12th Standard HSC Maharashtra State Board

Economics HSC 12th Standard Maharashtra State Board

English Yuvakbharati 12th Standard HSC Maharashtra State Board

Geography 12th Standard HSC Maharashtra State Board

Hindi - Yuvakbharati 12th Standard Maharashtra State Board

History 12th Standard HSC Maharashtra State Board

Marathi - Yuvakbharati 12th Standard Maharashtra State Board

Mathematics and Statistics 1 (Arts and Science) 12th Standard Hsc Maharashtra State Board

Mathematics and Statistics 1 (Commerce) 12th Standard HSC Maharashtra State Board

Mathematics and Statistics 2 (Arts and Science) 12th Standard Hsc Maharashtra State Board

Mathematics and Statistics 2 (Commerce) 12th Standard HSC Maharashtra State Board

Organisation of Commerce and Management (OC) 12th Standard HSC Maharashtra State Board

Physics 12th Standard Maharashtra State Board

Political Science 12th Standard HSC Maharashtra State Board

Secretarial Practice 12th Standard HSC Maharashtra State Board

Sociology - Understanding Indian Society 12th Standard HSC Maharashtra State Board