A principle refers to a fundamental truth. It establishes cause and effect relationship between two or more variables under given situation. They serve as a guide to thought & actions. Therefore, management principles are the statements of fundamental truth based on logic which provides guidelines for managerial decision making and actions. These principles are derived: - Show
There are 14 Principles of Management described by Henri Fayol.
Therefore it is obvious that they are different from each other but they are dependent on each other i.e. unity of direction is a pre-requisite for unity of command. But it does not automatically comes from the unity of direction.
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What is the principle of initiative?Principle of Initiative:
The freedom to think and work on new ideas encourages employees to take initiative while working on a given task. This initiative should be welcomed by the manager including a thorough discussion on those new ideas.
Why proper understanding of management principles is necessary?The knowledge of principles improves the understanding of managers about the ways and means of managing an organization. Management principles are helpful in taking decisions and handling situations arising in course of management. (b) Helps in thoughtful decisions making.
Which principle of management is being overlooked?Ans. Principle of Unity of Command" is being overlooked as subordinates receive orders from more than one operative head.
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