Question

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

Answer 1

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Answer 2

Meaning of principles of management and the nature of principles of management can be explained as follows:

Explanation: Principles of management can be defined as the rules which define the way a business should run. These are being formulated by years of the experiment and testing into the actual practical field.

Nature of principles of management:

• Applied universally.
• Basic guidelines.
• Comes into existence through experiments and practice.
• Flexible in nature.
• Establishes cause and effect relationship.

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