1. Stability of personnel
2. Nature of Principles of Management:
Principles of management are statements of fundamental truth which provides guidelines for management decision making and action.
The nature of management principles are:
1. Universal applicability:
Management principles ha/e universal application in all types of organizations.
2. General guidelines:
The principles are guidelines to action.
3. Formed by practice and experimentation:
The principles of management are formed by experience and experimentation of managers.
4. Flexible:
The principles of management are not rigid. They are flexible and can be modified according to the situation.
5. Influencing human behavior:
Management principles aim at influencing behavior of human beings.
6. Cause and effect relationship:
The principles of management establish the relation between the cause and effect.