Nature of principles of management (any four):
(i) General guidelines: The principles of management are general guidelines to managerial action but do not provide readymade, solution to all managerial problems.
(ii) Formed by practice and experimentation: Management principles are developed through observation and experimentation as well as personal experience of manager.
(iii) Contingent: The application of management is contingent or dependent on the situation faced by the managers.
(iv) Flexible: Management principles are not rigid, they are flexible and can be modified by the manager as per situation.
(v) Universal applicability: Principles of management are applicable to all type of organisation (business or non-business, private or public, big or small, etc.).
(vi) Behavioural: They are behavioural in nature because they aim at influencing the behaviours of human being.