The term " Principle " has been defined as :-
"A basic generalisation that is accepted as true and that can be used as a basis of reasoning or conduct."
According to the above definition principles are the general rules which can be applied to any situation situation or condition principle can be used as a base of analysis they can be used as the guidelines for taking the decisions.
Principles of management are the statements of fundamental truth. These principles provide guidelines to managers to take decisions. In short this principles helps the managers to take managerial decisions. They help in understanding the results of the decisions taken by the managers.
Management is universal. it is applicable everywhere however the managers cannot function unless there is some base for their decisions or action. In this case the principles of management help them in managing the business
Management principles are unwritten rules which are used while practicing management. Therefore it is essential to study the nature of these principles