Explain the following features of principles of management: (i) General guidelines (ii) Mainly behavioural (iii) Formed by practice and experimentation
(i) General guidelines:
- The principles of management are guidelines to action but do not provide readymade straitjacket solutions to all managerial problems.
- It is so because real business situations are very complex and dynamic and are a result of many factors.
(ii) Mainly behavioural:
- Management principles aim at influencing behaviour of human beings.
- They enable a better understanding of the relationship between human and material resources in accomplishing organisational purposes.
(iii) Formed by practice and experimentation:
- The principles of management are formed by experience and collective wisdom of managers.
- The principles are formed by experimentation.