Universal Applicability

• all types of organizations, whether economic, social or political 
• to all sizes of organizations whether large scale or medium scale or small scale. 
• However, so as to achieve the desired result. 

General Guidelines 

• The principles of management are considered to be general guidelines to managerial action. 
• They do not provide any readymade or straitjacket solutions to all managerial problems. This is because the real business situations are complex and dynamic in nature, as they are dependent on a large number of factors. 

Formed by Practice and Experimentation. 

• The principles of management are formulated by the management experts through observations and personal experiences. Furthermore, they are tested through repeated experimentations so as to establish their validity.

Flexible 

•  The principles of management are not rigid prescriptions, which have to be followed absolutely. 
• They are flexible in nature and can be modified by the manager in the light of given situation so as so achieve the desired goals.