Briefly explain any 3 features of principal of management
Answers
Answer:
Characteristics of principles of management: (i) Universal applicability (ii) General guidelines. (iii) Formed by practice and experimentation. (iv) Flexible. (v) Mainly behavioural. (vi) Cause and effect relationship. (vii) Contingent.
Answer:
Features of principles of management:
(a) Universal application-Management principles have universal application. They can be applied to all levels of management and all types of organizations whether business or non-business organizations irrespective of size and nature.
(b) General guidelines-The principles are guidelines to action but do not provide readymade solutions to all managerial problems. These play advisory role in solving the problems.
(c) Formed by practice and experimentation-The principles of management are formed by experience and collective opinions, wisdoms of managers and as well as experimentation. These are not developed overnight but are the result of deep experiences of management experts.