Why is it said that principles of management are flexible?
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Explanation:
1) Techniques or systems which give one directional result are called as principles. These principles are universal and applicable everywhere.
2) Management principles are formed to guide and influence the behaviour of employees. These principles insist on improving efficiency of organisational resources in terms of profit.
3) Flexibility means they can be changed or modified according to the situation. Managers can be flexible while implementing principles to suit the requirement.
4) The business situations keep on changing. Management principles can be adjusted or modified and can be used in the organization according to its need.
Therefore, principles of management are flexible in nature.
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