Question

Prepare a short not for the nature of principles of management

Answer 1

Nature and Significance of Principles of Management

Meaning of Management:

Management is required for an established life and essential to managing all types of management. Sound management is the fortitude of thriving companies. Managing life implies getting everything done to accomplish life’s aspirations and maintaining an establishment means getting everything done wh and by other people to deliver its objectives.

Nature of Principles of Management:

By nature is intended conditions and aspects. Principles are universal declarations, which are appropriate when specific circumstances are present. These have been explained on the principle of research and trial and error as well as the personal backgrounds of the managers. The following points sum the nature of the principles of management:

1. Universal relevance:

Principles of management are expected to employ to all types of establishments, the industry as well as non-industry, small as well large, private sector as well as the public sector, production as well as the services divisions. However, the scope of their applicability would diversify with the nature of the industry, business activity, scale of operations etc.,

Example: The whole work of an organisation is divided into smaller tasks and such tasks are assigned to different departments, groups and individuals. Such a system of division of work is applicable in all types of organisations.

2. General rules:

The laws are the regulations to work but do not give .