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10231 Levels of Management – Top, Middle and Lower

The term “Levels of Management” refers to a line of demarcation between various managerial positions in an organization. The number of levels in management increases when the size of the business and work force increases and vice versa. The level of management determines a chain of command, the amount of authority & status enjoyed by […]

10223 Management as an Activity

Like various other activities performed by human beings such as writing, playing, eating, cooking etc, management is also an activity because a manager is one who accomplishes the objectives by directing the efforts of others. According to Koontz, “Management is what a manager does”. Management as an activity includes: Informational activities – In the functioning […]

10236 Management as a Science

Science is a systematic body of knowledge pertaining to a specific field of study that contains general facts which explains a phenomenon. It establishes cause and effect relationship between two or more variables and underlines the principles governing their relationship. These principles are developed through scientific method of observation and verification through testing. Science is […]

10235 Is Management Really a Profession? Key Insights

Over a large few decades, factors such as growing size of business unit, separation of ownership from management, growing competition etc have led to an increased demand for professionally qualified managers. The task of manager has been quite specialized. As a result of these developments the management has reached a stage where everything is to […]

10230 Importance of Management

It helps in Achieving Group Goals – It arranges the factors of production, assembles and organizes the resources, integrates the resources in effective manner to achieve goals. It directs group efforts towards achievement of pre-determined goals. By defining objective of organization clearly there would be no wastage of time, money and effort. Management converts disorganized […]

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  1. Principles of Management are Universal

    1. Management principles are applicable to all kinds of organizations - business & non business.
    2. They are applicable to all levels of management.
    3. Every organization must make best possible use by the use of management principles.
    4. Therefore, they are universal or all pervasive.

  2. Principles of Management are Flexible

    1. Management principles are dynamic guidelines and not static rules.
    2. There is sufficient room for managerial discretion i.e. they can be modified as per the requirements of the situation.
    3. Modification & improvement is a continuous phenomenon in case of principles of management.

  3. Principles of Management have a Cause & Effect Relationship

    1. Principles of management indicate cause and effect relationship between related variables.
    2. They indicate what will be the consequence or result of certain actions. Therefore, if one is known, the other can be traced.

  4. Principles of Management - Aims at Influencing Human Behavior

    1. Human behavior is complex and unpredictable.
    2. Management principles are directed towards regulating human behavior so that people can give their best to the organization.
    3. Management is concerned with integrating efforts and harmonizing them towards a goal.
    4. But in certain situations even these principles fail to understand human behavior.

  5. Principles of Management are of Equal Importance

    1. All management principles are equally important.
    2. No particular principle has greater importance than the other.
    3. They are all required together for the achievement of organizational goals.

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