Scribd Logo
Upload

Welcome to Scribd!

  • 35 views

    MGTPrinciples

    Uploaded by

    commercepeople5789
    Management principles are statements of fundamental truths that provide guidelines for managerial decision making and action. Principles of management have developed over time through observation and experimentation. They are flexible guidelines rather than rigid rules as management involves human behavior. Key principles include universal applicability, flexibility, consideration of human behavior, and cause-and-effect relationships. Understanding management principles aids efficiency, improves understanding, guides manager training, and helps attain social objectives.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd

    MGTPrinciples

    Uploaded by

    commercepeople5789
    35 views2 pages
    Management principles are statements of fundamental truths that provide guidelines for managerial decision making and action. Principles of management have developed over time through observation and experimentation. They are flexible guidelines rather than rigid rules as management involves human behavior. Key principles include universal applicability, flexibility, consideration of human behavior, and cause-and-effect relationships. Understanding management principles aids efficiency, improves understanding, guides manager training, and helps attain social objectives.

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Management principles are statements of fundamental truths that provide guidelines for managerial decision making and action. Principles of management have developed over time through observation and experimentation. They are flexible guidelines rather than rigid rules as management involves human behavior. Key principles include universal applicability, flexibility, consideration of human behavior, and cause-and-effect relationships. Understanding management principles aids efficiency, improves understanding, guides manager training, and helps attain social objectives.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    35 views2 pages

    MGTPrinciples

    Uploaded by

    commercepeople5789
    Management principles are statements of fundamental truths that provide guidelines for managerial decision making and action. Principles of management have developed over time through observation and experimentation. They are flexible guidelines rather than rigid rules as management involves human behavior. Key principles include universal applicability, flexibility, consideration of human behavior, and cause-and-effect relationships. Understanding management principles aids efficiency, improves understanding, guides manager training, and helps attain social objectives.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    You are on page 1of 2

    MANAGEMENT PRINCIPLES

    A Principle is a statement of truth about some phenomenon. It


    means a generally and universally acceptable or belief. Thus principle is a
    fundamental statement or truth or guide to thought or action. It is based
    on cause and effect relationship.
    MANAGEMNT PRINCIPLE:-
    Like any other subject, management is also based on certain
    principles .Management principles are statements of fundamental truths that provide
    guide lines for managerial decision making and action. They act as guides for
    practice of management and helping predicting the result of managerial action.
    "A management principle is a statement of general truth about
    organisation.Management principle usually prescribes a particular course of
    managerial action. If the principles are followed, improved organizational
    performance is the result."
    Hicks and Gulleick
    "Management principles are fundamental truth of general validity which
    has value in predicting the result of management action."
    Koontz O' Donnel

    FORMATION OF PRINCIPLES OF MANAGEMENT:-


    Principles of management have developed over a long period of times.
    The derivation of management principle has been through following two methods:-
    • BY OBSERVATION:-under observation method, all the works of managers
    and their result were analyzed .And from this analysis certain conclusions
    were drawn. These conclusions on analysis of conservation led to the
    formation of principles.
    • BY EXPERIMENT:-by applying various management concepts, procedures,
    and notions by manager in different situations for testing their relevance,
    dependability, suitability, utility and reliability. On the basis of such
    experiment test the conclusions were derived.
    However, principles at management are not based on pure
    Cause and effect relationship as in the case of science but management
    Of persons working in an organization.

    NATURE AND CHARECTERISTICS OF PRINCIPLES OF MANAGEMENT:-


    The nature of principles of management is different from that of
    physical science. Management is a social science and it decreases with human being,
    whose behavior is un predictable .Thus two principles of management is flexible and
    not absolute.
    • Universal application:-management principles are general guide lines for
    management in practice. Different managements can adopt these principles
    at different levels and different places in different organizations. So principle
    of management applies in different situations. Principles are suitably
    amended while applying in different situations. However this does not
    change the universal acceptance of these principles.
    • Flexible:-management principles are flexible and dynamic guidelines and not
    rigid and static rules. Managers are given the freedom for modifying the
    principles as per the needs of the situation. Research work is undertaken
    continuously in the field of management. So principle of management
    changes with the environment, and are flexible not rigid.
    • Based on human behavior:-management principles are directed towards and
    dependent up on human behaviour.Management task is to regulate human
    behavior so that people give their best to the organization.
    • Cause and effect relationship :-the principles of management indicate cause
    and effect relationships. That is, the principles indicate what will be the

    1
    consequences of certain decissions.But, as management principle is not an
    exact science the cause and effect relationship exist up to a certain extent.
    • Relativity:-management principles are relative and not absolute laws. They
    cannot be blindly applied to all types of organizations and in all types of
    organizations.
    • Equal importance :-all the principles of management have equal
    importance .No one principle have greater significance than the others.

    NEED AND IMPORTANCE OF MANAGEMENT PRINCIPLES:-


    Management is the art of managing people.
    Management principles are general guidelines. The principles of management have
    considerable relevance in all group activities. They are very important in manager’s
    work as today’s business world is more complex. The need and importance of
    management principles may be summarized as follows:-
    1. Increased efficiency: - A manager who well aware with management principle
    can work very efficiently as management principle aid to thinking and action .His
    decision will be perfect and accurate.
    2. Improve understanding: - From the knowledge of principles managers get clear
    indications on how to manage an organization .It reduces his guess work.
    3.Direction for training of managers :- A well trade manager can perform his duties
    with confidence .To impart training to new management persons and existing
    manager a thorough knowledge of management principle is essential .It provides
    understanding of management process what managers should do to accomplish the
    aim.
    4. Guide to research in management:-To make the research work practical and more
    effective, the principles of management is very helpful, because it gives guidelines.
    Management principles provide new dimensions to their work.
    5. To attain social object:-The success of on organization greatly affected by its
    social objectivity because it is a process with human .Management principles helping
    understanding the human behavior and thus contribute to attain social objectives.
    Generally there are two concepts developed by the end of 19 th century. They
    are :
    I. Modern Management / Operational /Administration management by
    Henry Fayol
    II. Scientific Management by Frederick Winslow Taylor.

    You might also like