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Question
Justify the following statement.
Principles of management can be applied universally.
Solution
While achieving the goal of an individual or an organization, it is always important to use different systems or techniques. Some of these techniques are accepted universally, hence, they are called principles. It provides guidelines to managers to conduct all organizational activities on specific bases. It helps the manager to take effective decisions and to achieve organizational goals. These principles are universal and applicable everywhere. The principles of management are universal in nature. That means they can be applied to all types of organizations, irrespective of their size and nature. Their results may vary and applications may be modified but these are suitable for all kinds of organizations. Similarly, they are applicable to all levels of management.
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| Group A | Group B |
| A. Henry Fayol | 1. One Head One Plan |
| B. Principle of Unity of Direction | 2. gangplank |
| C. Nature of principles of Management | 3. to do work in an innovative way |
| D. Principles of Initiative | 4. team spirit |
| E. Principle of Discipline | 5. Father of Modern Management |
| 6. general guidelines | |
| 7. right to take decisions | |
| 8. F W Taylor | |
| 9. remuneration | |
| 10. obey and respect the rules |
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| Group ‘A’ | Group ‘B’ | ||
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| (b) | Directing | (2) | Scientific Management theory |
| (c) | Responsibility towards Government | (3) | It is the process of recruiting, selecting, placing and remunerating |
| (d) | Digital cash | (4) | To earn profit |
| (e) | Monopoly | (5) | Respecting rules and regulations |
| (6) | Exist only in cyber space | ||
| (7) | Exist everywhere | ||
| (8) | Single buyer | ||
| (9) | Modern management theory | ||
| (10) | Single seller |
