Question

Explain the following features of principles of management:
(i) General guidelines
(ii) Mainly behavioural
(iii) Formed by practice and experimentation

Answer 1

(i) General guidelines:
- Management principles offer guidance for action, not definitive solutions for all managerial issues.
- This is due to the inherent complexity and ever-changing nature of real business scenarios, influenced by numerous factors. (ii) Primarily behavioural:
- The objective of management principles is to shape the behavior of individuals.
- They facilitate a deeper comprehension of the interplay between human and material resources in achieving organizational objectives. (iii) Developed through practice and experimentation:
- Management principles are established from the experiences and accumulated knowledge of managers.
- These principles are also the outcome of rigorous experimentation.