#4 Mnemonics for class 12th Business studies unit 2 "Principles of Management"

Today's topic is about mnemonics of class 12th business studies of chapter 2(Principles of Management : Concepts and Significance) of unit 1(Principles of Management) 

                     Principles of Management

                Principles of Management: Concept and Significance

• Nature of Principles of Management(GUM)

        G - General guidelines

        U - Universal applicability

        M - Mainly behavioural/Mostly flexible

• Significance of Principles of Management(OSM FM:awesome fm)

        O - Optimum utilisation of resources

        S - Scientific decisions
        M - Meeting changing environmental requirement

        F - Fulfilling social responsibility

        M - Management education, training and research

• Fundamental Principles of Management

A DISCUSS OUR DUE

Authority and responsibility

Discipline

Initiative

Subordination of individual interests to group interests

Centralisation

Unity of command

Scalar Chain – Concept Of Gang Plank

Stability of tenure of personnel

Order – Material Order & Social Order

Unity of direction

Remuneration

Division of work

Unity - Espirit de corps

Equity

Hope this post would help you to learn the lenghty points of unit principles of management.