Management principles focus on the one best way of doing things and are prescriptive. Do you agree? Give reasons.

 I Agree with the Statement

The word principles mean a fundamental truth that can establish relationship between cause and effect and also helps in thinking out a plan for an action. The principles help in predicting the results expected to follow through a set actions undertaken and thus provide basis for a scientific action plan.

Meaning and Nature of Principles: Meaning of management principles in simple word is that they form the basis of all managerial actions through which desired goals needs to be achieved. By nature these principles are flexible and are more or less based on experiences and can adopt to changing situations and problems and thus became the pillars of management as scientific process.

Characteristics

The following characteristics will help in understanding the management principles:

(1) Management principles are based on analysis of management functions and smoother the practice of management.

(2) Management principles are descriptive and normative: Normative principles fix the norms for an action whereas descriptive principles give the description of behaviour of member of organisation.

(3) The Management principles have been formulated by early management practitioners in classical times and have been refined from time to time.

(4) Management principles are the result of experience over the period and have proved themselves valid in present times.

Attributes of Sound Principles of Management

(1) It should be simple and workable.

(2) It should be consistent.

(3) It could be empirically tested.

(4) It should be serve as tool for complete understanding.

(5) It must be helpful as practical guide.

Need for Management Principles

Management principles are needed for successful practice of managerial process. They help the managers to use the basic principles for decision making. They help the art of management by suggesting as to how the things should be done to obtain the optimum benefits. These principles simplify management practice by bringing out the core aspects of management activities for the good of the organisation.

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