Principles of management are statements of fundamental truths, which serve as guidelines for decisions and actions of managers.

Principles of management are statements of fundamental truths, which serve as guidelines for decisions and actions of managers.

Management principles are technical in nature whereas values are ethical.

Management principles are flexible and are not rigid, as they deal with human behavior, which is never static. Hence, they need to be modified as per the situation and need.

Management principles are flexible and are not rigid, as they deal with human behavior, which is never static. Hence, they need to be modified as per the situation and need.

Management principles are universal because they are applicable to all types of organisations whether it is small or large, at all levels of organisations and at all times. It is equally applicable in schools, business organisations, military organisations, etc.

No, the management principles, are evolved after strict observation and analysis are the results of personal experiences of the managers. They are not formed by hit and trial method.

Management principles ensure optimum utilisation of resources, as it helps managers to adopt a systematic and logical approach to overcome managerial problems.

Mental revolution involves a change in the attitude of workers and management towards one another from competition to cooperation.

Mental revolution involves a change in the attitude of workers and management towards one another from competition to cooperation.

The main objective of time study is determine the standard time that should be taken to perform a well-defined job.

Scalar chain.

Henry Fayol has developed general principles of management.

The main concerns of Taylor were, supervisors. On the contrary, Fayol was concerned with efficiency of administration.

'Unity of direction' is the principle of management which states that each group of activities having same objective must have one head and one plan.

For example, if an organisation is producing different types of toys-plastic toys, soft toys, then each type of toys should have separate division and under each division, there should be a boss who looks after the work of that division and employees should work under him towards the attainment of plan of their division under the direction of one head only.