State any three characteristics of principles of management
Answer: (i). Universal Applicability: Universality refers to that truth that is equally applicable in all spheres (Both business and non-business). The principles of management are also universal in nature.
(ii). General Guidelines: The principles of management are of the nature of general guidelines, and they cannot be applied strictly.
(iii). Formed by Practice and Experimentation: Principles of management are the results of various problems faced by professional people. First of all, problems appeared and then through careful research work solutions were found. Thus, we recognise the solutions, found with the help of practice and experience as principles of management.
