Principles of Management

1. Principles of Management are Universal

*Management principles are applicable to all kinds of organizations – business & non business.
*They are applicable to all levels of management.
*Every organization must make best possible use by the use of management principles.
*Therefore, they are universal or all pervasive.

2. Principles of Management are Flexible

*Management principles are dynamic guidelines and not static rules.
*There is sufficient room for managerial discretion i.e. they can be modified as per the requirements of the situation.
*Modification & improvement is a continuous phenomenon in case of principles of management.

3. Principles of Management have a Cause & Effect Relationship

*Principles of management indicate cause and effect relationship between related variables.
*They indicate what will be the consequence or result of certain actions. Therefore, if one is known, the other can be traced.

4. Principles of Management – Aims at Influencing Human Behavior

*Human behavior is complex and unpredictable.
*Management principles are directed towards regulating human behavior so that people can give their best to the organization.
*Management is concerned with integrating efforts and harmonizing them towards a goal.
*But in certain situations even these principles fail to understand human behavior.

5. Principles of Management are of Equal Importance

*All management principles are equally important.
*No particular principle has greater importance than the other.
*They are all required together for the achievement of organizational goals.