Principal of management
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Posted by Sathya G 4 years, 2 months ago
- 2 answers
Yogita Ingle 4 years, 2 months ago
Principles of Management
Principles of management are broad and general guidelines for managerial decision making and behavior (i.e. they guide the practice of management).
Nature of Principles of Management
The nature of principles of management can be described in the following points:
1. Universal applicability i.e. they can be applied in all types of organizations, business as well as non-business, small as well as large enterprises.
2. General Guidelines: They are general guidelines to action and decision making however they do not provide readymade solutions as the business environment is ever changing or dynamic.
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Diksha Raghuvanshee 4 years, 2 months ago
2Thank You