Chapter – 2 Principles Of Management (3+4 =7 marks)

Explain 3-4 points that highlight nature/characteristics of principles of management –3 or 4 marks

The following characteristics highlight the nature of management principles: (FUEL)

Flexibility:

Management principles are flexible guidelines and can be modified in different ways in different situations depending upon the knowledge and experience of an employee and importance of decisions that have to be taken.

Universal application: Taylor’s techniques of mgt are UNIVERSALLY APPLICABLE. Do you agree? Give any four reasons in support of your answer – 4 marks - Important

• Management principles are effective in:
• Both business enterprises as well as government organisations. (All social, economic, political, cultural or even religious organisations apply management principles for the successful operations of their activities)
• All types or sizes of organisation
• All types of problems
• Any type of group action be it the army unit, hospital, etc
• Example: Delegation of authority in any nature of business is considered as key to organisational success universally because it empowers people to take decisions on the spot.
• Hence it can be concluded that the principles of management are universal and it is possible to transfer them from one organisation to another and from one country to another.

Evolutionary:

Management principles are developed either from organised quantitative facts or from long experiences of leaders and scholars of management thoughts. Therefore they are evolutionary in nature.

Limited application:

Application of principles of management in real life is affected by certain limiting factors such as nature, size, form of business, etc.

An organisation follows the principles of management. Learn the
(a) principles
(b) positive effects, or (c) adverse effects and
(c) examples if any of

each of the following principles of management on the organisation? – 3 marks - Important