Management involves handling or supervising people or tasks effectively. It comes from the Latin words "manus" meaning hand and "agere" meaning to act. Management has been defined as forecasting, planning, organizing, commanding, coordinating, and controlling by Henry Fayol. Principles of management provide fundamental truths and rules derived from practical experience to guide managers in achieving directional results without relying solely on trial and error. Key principles include universal application, flexibility, and being behavioral in nature.

2. MEANING OF MANAGEMENT
 Manage come form the Italian word “ Maneggiare” means to handle
 Maneggiare is further derived from two Latin words
 “Manus” – Hand and “Agere” – To act
 Mary Parker Follet “ Management is an art of getting things done through
others”
 Henry Fayol “ To Manage is to forecast and plan, to organise, to
command, to cordinate and to control”

3. Management is the way something is handled, careful treatment,
supervising skills, or those in charge of a business or group.
 An example of management is how a person handles their personal
finances.
 An example of management is how a skillful supervisor handles a difficult
situation.
 An example of management is the CEO of the organization.

4. PRINCIPLES OF MANAGEMENT
 Management is based on certain principles.
 Principle is A FUNDAMENTAL truth, a law or a rule based on practical
experience.
 In simple words, techniques or systems which give one DIRECTIONAL
result ARE CALLED AS principles. These principles ARE UNIVERSAL AND
APPLICABLE everywhere. Due to the BASIS of principles, MANAGERS need
not to work on TRIAL AND Error BASIS.

5. NATURE/ FEATURES OF PRINCIPLES OF MANAGEMENT
 UNIVERSAL APPLICATION
 GENERAL guidelines
 Principles ARE formed by PRACTICE AND experiments
 Flexibility
 BEHAVIORAL in NATURE
 CAUSE AND effect RELATIONSHIP
 All principles ARE of EQUAL IMPORTANCE