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Chapter - 1 PRINCIPLES OF MANAGEMENT

The document discusses the principles of management. It defines management as the process of coordinating resources to achieve goals. It explains that principles are fundamental truths or propositions that serve as foundations for systems of belief or behavior. It then describes the nature of principles of management, noting that they are formed by practice and experiments, can be applied universally, are behavioral in nature, and provide general guidelines.

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19 views

Chapter - 1 PRINCIPLES OF MANAGEMENT

The document discusses the principles of management. It defines management as the process of coordinating resources to achieve goals. It explains that principles are fundamental truths or propositions that serve as foundations for systems of belief or behavior. It then describes the nature of principles of management, noting that they are formed by practice and experiments, can be applied universally, are behavioral in nature, and provide general guidelines.

Uploaded by

rishikeshkhanpara2989
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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*MANAGEMENT-

It is the process of coordination of resources by the way of planning, organizing,


staffing, directing and controlling them to achieve a desired goal

*PRICIPLES-
while achieving individual or organnisational goals, it is important to use
different techniques,some of these techniques are accepted universally and hence
they are called as principles.

principle is defined as "a fundamental truth or a proposition that serves as a


foundation of a system of belief, a chain of reasoning or behaviour". in simple
words, techniques or systems which give one directional result is known as
principles

*PRINCIPLES OF MANAGEMENT-
the priciples used for the management of a organisation areknown as principles of
managament. These priciples provide guideline for the manager to take business
decisions. These principles are created to influence the behaviour of the employees

they focus on improving the overall efficiency of the organisation.

*NATURE OF PRINCIPLES OF MANAGEMENT :-

1)Principles are formed by practice and experiments-


the principles of management are formed with thorough research work. Systematic
observations and experiments are conducted before developing them. The results of
such experiments are practised in organisations and then formed are principles.

2)Universal application :-
The principles of management are universal in nature. They can be applied to:
i)All types of organisations, irrespective of their size and nature
ii) all levels of management
their results may vary and applicaton may be modifoied but these are suitable for
all kinds of organisations.

3)Behavioral in Nature :-
management is group of activity which aims at achieving certain goal through a
group of human beings. Management priciples are designed to influence behaviour of
human beings these pricnciples control a group of people and direct them to achieve
the objectives.

4)General Guideline :-
management principles provide general guideline to wisely handle tye
organisational situations and solve the problems. they are not rigid. Which
management principle is to be applied depends upon the situation, size and nature
of organisation

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