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Principles of Management

1. Principles of Management are Universal

    *Management principles are applicable to all kinds of organizations – business & non business.
    *They are applicable to all levels of management.
    *Every organization must make best possible use by the use of management principles.
    *Therefore, they are universal or all pervasive.

2. Principles of Management are Flexible

3. Principles of Management have a Cause & Effect Relationship

    *Principles of management indicate cause and effect relationship between related variables.
    *They indicate what will be the consequence or result of certain actions. Therefore, if one is known, the other can be traced.

4. Principles of Management – Aims at Influencing Human Behavior

    *Human behavior is complex and unpredictable.
    *Management principles are directed towards regulating human behavior so that people can give their best to the organization.
    *Management is concerned with integrating efforts and harmonizing them towards a goal.
    *But in certain situations even these principles fail to understand human behavior.

5. Principles of Management are of Equal Importance

    *All management principles are equally important.
    *No particular principle has greater importance than the other.
    *They are all required together for the achievement of organizational goals.

Originally posted 2013-10-05 08:52:28. Republished by Blog Post Promoter