'Winning Edge Ltd.' is a successful education and training company in Nainital. There are separate departments for finance, marketing, research & development and human resource development. The working culture is such that both the employees and management honour their commitments without any prejudice towards one another. In order to avoid dual subordination the limits for discounts, credit period etc. are set before hand in connotation with the finance manager so that a marketing executive can clinch a deal with a buyer on his own or in consultation with the marketing manager only. There are two separate divisions in the company namely; Education department and Training department. Each division should have its own incharge, plans and execution resources and no account does the working of these two divisions overlap.
Identify and explain the various principles of management being followed by the company.
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division of work and unity of command
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