CBSE eBooks CBSE Guess > eBooks > Class XII > Business Studies by Dorothy Mathias
Chapter – 2 Principles Of Management (3+4 =7 marks) Explain 3-4 points that highlight nature/characteristics of principles of management –3 or 4 marks The following characteristics highlight the nature of management principles: (FUEL) Flexibility: Management principles are flexible guidelines and can be modified in different ways in different situations depending upon the knowledge and experience of an employee and importance of decisions that have to be taken. Universal application: Taylor’s techniques of mgt are UNIVERSALLY APPLICABLE. Do you agree? Give any four reasons in support of your answer – 4 marks - Important
Evolutionary: Management principles are developed either from organised quantitative facts or from long experiences of leaders and scholars of management thoughts. Therefore they are evolutionary in nature. Limited application: Application of principles of management in real life is affected by certain limiting factors such as nature, size, form of business, etc. An organisation follows the principles of management. Learn the each of the following principles of management on the organisation? – 3 marks - Important Business Studies by Dorothy Mathias
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