BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Universal applicability
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General guidelines
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Formed by practice and experimentation
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All the above
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Detailed explanation-1: -1. Universal application: The principles of management are universal in nature that means they can be applied to all types of organisations irrespective of their size and nature. Their results may vary and application may be modified but these are suitable for all kinds of organisations.
Detailed explanation-2: -Principle No. 1: The Functions of Management At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling.
Detailed explanation-3: -The principles of management are intended to establish cause and effect relationship so that the findings can be applied to such given situations frequently. The principles of management tell the likely effect if a certain principle is applied.
Detailed explanation-4: -Nature and Characteristics of management are Goal Oriented, Universal, Integrative Force, Social Process, Multidisciplinary, Continuous Process, Intangible, and Art and Science both.
Detailed explanation-5: -The principles of management can be distilled down to four critical functions. These functions are planning, organizing, leading, and controlling.