![]() Cause and Effect relationship: They intend to establish relationship between cause & effect so that they can be used in similar situations.ħ. Mainly Behavioural: Since the principles aim at influencing complex human behaviour they are behavioural in nature.Ħ. Flexible: Which can be adapted and modified by the practicing managers as per the demands of the situations as they are man-made principles.ĥ. Formed by practice and experimentation: They are developed after thorough research work on the basis of experiences of managers.Ĥ. General Guidelines: They are general guidelines to action and decision making however they do not provide readymade solutions as the business environment is ever changing or dynamic.ģ. they can be applied in all types of organizations, business as well as non-business, small as well as large enterprises.Ģ. The nature of principles of management can be described in the following points:ġ. ![]() Principles of management are broad and general guidelines for managerial decision making and behavior (i.e. Revision Notes for CBSE Class 12 Business Studies Chapter 2 – Free PDF Downloadįree PDF download of Class 12 Business Studies Chapter 2 – Principles of Management Revision Notes & Short Key-notes prepared by our expert Business Studies teachers from latest edition of CBSE(NCERT) books.ĬBSE Class 12 Business Studies Quick Revision Notes CHAPTER 2 Principles of Management class 12 Notes Business StudiesĪ principle is a fundamental statement of truth that provides guidance to thought and action. ![]()
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