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Yogita Ingle 6 years, 1 month ago
Principles of Management are said to be evolutionary in nature as these principles have evolved over a long period of time from continuous practice and experimentation. That is, these management principles are based on real life situations and were derived from past experiences of the managers. Also, the applicability of these principles is flexible and can be changed depending on the nature of the situation and the nature of the manager.
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Yogita Ingle 6 years, 1 month ago
The management principles are derived in the following two ways:
(i) On the basis of observation Fayol developed
management principles on the basis of observation, e.g. ‘division of work’ tells us that in order to achieve efficiency, divide the work into small tasks.
How can this analysis be made? It is only made by those managers who observed that division of work leads to specialization.
(ii) On the basis of experimentation All the principles of management establish a cause-and-effect relationship between variables, which means that they are developed on the basis of experimental studies.
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Yogita Ingle 6 years, 1 month ago
Organizations achieve goals through management:
Management helps with making sure that all the resources of the organization are properly used and that there is no wastage.
Management also enables the organization to achieve its set objectives
Management also enables achievement of personnel objectives
With proper, good and professional management the end result will be development and prosperity of the society.
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