Question

Explain the following characteristic of a principles of management.

Flexible 

Answer 1

1. The flexibility of management principles guarantees that managers can react quickly to unexpected events and changes in the corporate environment.
2. For example, in small firms where strict specialization would not be possible, a principle such as "division of work" can be changed.
3. This flexibility promotes efficiency and success by making management concepts applicable and useful in a range of situations.