Principles of Management: Management an Art and a Science, Examples

The compilation of these Business Studies Notes makes students exam preparation simpler and organised.

Principles of Management

“Management is, above all, a practice where art, science, and craft meet”. These are famous words by Henry Mintzberg. Management is a balancing act, and to help managers perform there are Principles of Management. Both Fayol and Taylor have a set of such principles that provide managers with a guideline. Let us study them.