Universal Applicability - The principles of management are intended to apply to all types of organisations, business as well as non-business, small as well large, public sector as well as private sector, manufacturing as well as the services sectors., General Guidelines - The principles are guidelines to action but do not provide readymade, straitjacket solutions to all managerial problems., Formed by practice and experimentation - The principles of management are formed by experience and collective wisdom of managers as well as experimentation., Contingent - The application of principles of management is dependent upon the prevailing situation at a particular point of time., Flexible - The principles of management are not rigid prescriptions, which have to be followed absolutely., Mainly behavioural - Management principles aim at influencing behaviour of human beings.,

NATURE OF PRINCIPLES OF MANAGEMENT

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