What do you mean by Principles of Management ?

1.	What do you mean by Principles of Management ?
Answer» “Principle is a fundamental statement or truth providing a guide to the thought or action.” G.R. Terry The principles of management act as guidelines for the practice of management. They help in predicting what would happen if the principles were applied. For example, application of the principle of ‘discipline’ leads to smooth and systematic functioning of the business and helps in improving efficiency. Without proper understanding of management principles, a person cannot perform managerial functions efficiency.

Answer»

“Principle is a fundamental statement or truth providing a guide to the thought or action.” G.R. Terry

The principles of management act as guidelines for the practice of management. They help in predicting what would happen if the principles were applied. For example, application of the principle of ‘discipline’ leads to smooth and systematic functioning of the business and helps in improving efficiency. Without proper understanding of management principles, a person cannot perform managerial functions efficiency.

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