Discuss three fundamental features of management principles
Answers
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The main features of management principles are given below:
1. Universal application:
The principles of management are universal in nature that means they can be applied to all types of organisations irrespective of their size and nature. Their results may vary and application may be modified but these are suitable for all kinds of organisations.
For example, the principle of division of labour can be applied to all the organisations and results in specialization although the degree of specialization may vary depending upon the nature and size of the organisation.
2. General guidelines:
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Management principles are not static or absolute statements. These cannot be applied blindly in all the situations. The applicability of management principles depends on conditions and nature of organisation.
The manager must apply these principles according to the size and nature of organisation keeping in mind the requirements of the organisations.
A management principle gives guidelines to solve the problems these principles do not provide readymade solution for all the problems.
For example, the principle of fair remuneration insists on fair or adequate salary to employee but what amount of salary is fair depends upon the nature, size and financial capacity of the company.
Fair may mean Rs 50,000 p.m. to a multinational company and it may mean Rs 5000 p.m. to a small company. So principles do not specify the absolute amount to be paid but there is relativity depending upon paying capacity of the different companies.
3. Evolutionary/formed by practice and experiments:
The management principles are developed only after deep and thorough research work. They are not developed overnight or they are not the personal feelings of any person. Proper observations and experiments are conducted before developing them. These are the expressions of deep experiences of the leaders of management thoughts. Therefore they are evolutionary in nature
Hope it helps you ^_^
Answer:
The main features of management principles are given below:
Universal application.
General guidelines.
Evolutionary/formed by practice and experiments.
Flexibility.
Behavioral in nature.
Based on cause and effect relationship.
Contingent.
Explanation: