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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Observation
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Experimentation
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Personal experiences of the manager
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All of the above
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Detailed explanation-1: -It concentrates on how managers can regulate the internal activities of the organisation by organising and regulating. On this basis, principles of management have been developed by observing, experimenting, and by personal experiences.
Detailed explanation-2: -Principles of management are formed by the experiences of manager as It provides useful Insights into reality.
Detailed explanation-3: -Henri Fayol was known as the father of modern management. He gave us the famous 14 principles of management. According to him, the 5 main functions of management are Planning, Organizing, Commanding, Coordinating and Controlling.
Detailed explanation-4: -Henri Fayol identified 5 functions of management, which he labelled: planning, organizing, commanding, coordinating and controlling.
Detailed explanation-5: -The Principles of Management emphasise logical decision making and avoiding bias or prejudice at all costs.