two points to highlight the nature of principles of management

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two points to highlight the nature of principles of management

Characteristics/Nature of Principles of Management:

(i) Universal applicability: The principles of management are intended to apply to all types of organisations, business as well as non-business, small as well as large, public sector as well as private sector, manufacturing as well as the services sectors. However, the extent of their applicability would vary with the nature of the organisation, business activity, scale of operations and the like.

(ii) General guidelines: The principles are guidelines to action but do not provide readymade, and to the point solutions to all managerial problems. This is so because real business situations are very complex and dynamic and are a result of many factors. However, the importance of principles cannot be underestimated because even a small guideline helps to solve a given problem.

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Directions: Read the following text and answer questions on the basis of the same.“Shree Enterprises” is enjoying a good reputation in the market. Kavita, the General Manager, has acquired her MBA degree from Oxford University and as a result of her knowledge of management principles and excellent managerial competence, the enterprise is successful because of the good management. The effect of management is noticeable because targets are being met in time, employees are happy and satisfied; and there is orderliness instead of chaos.She motivated her team so well that individual members were able to achieve personal goals while contributing to the overall organisational objectives. She is a visionary and understands the value of good personnel in an organisation. Hence, she proposed to keep budget for opening creche for the kids of female employees.Q. Which nature of management is highlighted in the case study?

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Principles enable a better understanding of the relationship between human and material resources in accomplishing organisational purposes.Which of the following characteristics of principles of management is reflected in the above statement?

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What are Principles of management?

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two points to highlight the nature of principles of management

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