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Principles of Management

Management principles are fundamental truths that guide managerial decision-making and organizational behavior. They are developed through research and experimentation, making them applicable to all organizations. While universal, principles can be adapted based on organizational needs. They aim to influence human behavior in a way that leads organizations to achieve their goals. All principles must be considered equally for an organization to function effectively.

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Umar Sayyed
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1K views12 pages

Principles of Management

Management principles are fundamental truths that guide managerial decision-making and organizational behavior. They are developed through research and experimentation, making them applicable to all organizations. While universal, principles can be adapted based on organizational needs. They aim to influence human behavior in a way that leads organizations to achieve their goals. All principles must be considered equally for an organization to function effectively.

Uploaded by

Umar Sayyed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Nature

of
principles
of
management.
INTRODUCTION TO management
Management sets the strategic goals in
accordance with the vision-mission of the
organization and makes decisions on how the
overall organization will operate.
 Management is often included as a factor of
production.
 It harmonizes all functions of business
organization such as planning,organizing,
staffing, coordinating and controlling, which
are termed as functions of management.
MEANING
Techniques or systems w hich give one directional
result are called as principles.
These principles are universal and applicable
everywhere.
Due to the basis of principles, managers need not to
work on trial and error basis.
 For Example, in cricket or in any other game, total
play is designed and divided between the players
according to their qualities and capabilities.
 In terms of management, it is called as division of
work which is one of the principles of management.
DEFINITION

"Principle is defined as a fundamental


truth or proposition that serves as the
foundation for a system of belief or
behaviour or for a chain of reasoning."
NATURE OF MANAGEMENT PRINCIPLES
1) UNIVERSAL APPLICATION:
The principles of management are universal in
nature.
That means they can be applied to all types of
organizations, irrespective of their size and nature.
 Their results may vary and application may be
modified but these are suitable for all kinds of
organizations.
Similarly, they are applicable to all levels of
management.
2) GENERAL GUIDELINES:
Management principles provide general guidelines
in tackling the organizational situations
wisely as well as in solving the problems.
They are not rigid. Which management principles
are to be applied depends upon the situation, size
and nature of organisation.
For example, when we say fair remuneration, then
the term 'fair' can vary as per the nature, size and
financial condition of the organisation.
3) PRINCIPLES ARE FORMED BY PRACTICE AND
EXPERIMENTS.
The management principles are developed
gradually with thorough research work.
 Systematic observations and experiments are
conducted before developing them. The results
of such experiments have been developed as a
principle after its practice in organizations.
4) FLEXIBILITY:
Management principles are flexible in nature.
 It means they can be changed or modified
According to the situation.
Managers can be flexible while implementing
principles to suit the requirement. The business
situations keep on changing.
5) BEHAVIORAL IN NATURE:
Management is group activity. Management
aims at achieving certain goal through a group
of human being.
Management principles are designed to
influence human beings.
 These principles control a group of persons and
direct them to achieve the objectives.
6) CAUSE AND EFFECT RELATIONSHIP:
Principles of management are the base for taking
decisions.
They determine the cause or reason for particular
effect.
For example, payment of good wages and
incentives helps in increasing the output of workers .
Making effective advertisement increases the sale of
a product.
7) ALL PRINCIPAL ARE OF EQUAL IMPORTANCE:
All principles of management are of equal
importance. Those are to be practiced
simultaneously to get best results in the form of
achievement of predefined goals.
If any specific principle is focused more and others
are not followed with same focus, then it affects
the working of organization.
THE END

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