management principles are applied differently on the different situation state whether it's true or false
Answers
Answer:
Meaning of Principles of Management
Principles of management are general guidelines, which can be used for conduct in work places under certain situations. It also helps manager to take and implement thoughtful decisions.
2. Nature/Features of Principles of Management
Universal applicability
Flexible
General guidelines
Contingent, i.e. based on situation
Cause and effect relationships
Influencing human behaviour
Formed by practice and experimentation
3. Importance of Management Principles
Provide managers with useful insight into reality.
Helps in thoughtful decision-making, i.e. scientific decisions.
Helps in optimum utilisation of resources and effective administration.
Helps the managers in meeting changing environment requirements.
Fulfilling social responsibility.
Basis of management training, education and research
in simple words:
What is meant by’Principles of management’?
Ans. Principles of management are general guidelines, which can be used for conduct in work places under certain situations. It also helps manager to take and implement thoughtful decisions.