Cause and Effect Relationship: Management principles are based on cause and effect that means these principles are used in a similar situation in a large number of cases.Mainly behavioural: Management principles are formed to guide and influence the behaviour of employees. Flexible: The principles of management are not rigid they are flexible and can be modified by the manager when the situation so demands.Formed by practice and experimentation: The principles of management are formed by experience and deep research work.General guidelines: The principles of management are guidelines to action and solve the problems, but these principles do not provide a readymade solution for all the problems because real business situations are very complex and dynamic.Universal applicability: The principles of management are universal in nature that means they can be applied to all types of organisations, business as well as non-business, small as well large, public sector as well as private sector irrespective of their size and nature.It involved a series of steps to be taken to accomplish desired goals. It helps to take a decision or action while Practicing techniques.
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January 2023
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