17
Principles of Management
LEARNING OBJECTIVES
After studying this chapter, you should be able to know —
- Meaning of Management Principles
- How Management Principles are derived?
- Nature of Management Principles
- Significance of Management Principles
- Fayol’s Principles of Management
- Scientific Management — Meaning and Objective
- Principles of Scientific Management
- Techniques of Scientific Management
- Distinction Between Time Study and Motion Study
- Distinction Between Taylor’s Scientific Management and Henry Fayol’s Principles of Management
Management principles are statements of fundamental truth which provide guidelines for managerial decision-making and action. In other words, the principles of management ...
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