The principles of management are the activities that “plan, organize, and control the operations of the basic elements of [people], materials, machines, methods, money and markets, providing direction and coordination, and giving leadership to human efforts, so as to achieve the sought objectives of the Organisation : -
Importance of principle of Management:
(a) Helps in achieving group goals.
(b) Increases efficiency.
(c) Creates a dynamic organisation.
(d) Helps in achieving personal objectives. (e) Helps in the development of society.
