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Question
What is meant by principles of management?
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Solution
Principles of management are the basic guidelines for decision making in the course of
management and are needed to be modified by the manager according to the situation and
the requirement.
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| Column I | Column II | ||
| (1) | Universal applicability | (i) | Direct but do not provide readymade, straitjacket solutions |
| (2) | General guidelines | (ii) | Not rigid prescriptions, can be modified as per the situation |
| (3) | Flexible | (iii) | Aim at influencing behaviour of human beings |
| (4) | Behavioural | (iv) | Applicable to all types of organizations |
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Principles of management can be applied universally.
