Nature of management principles can be described as follows:
1. Universal Applicability: The principles of management are applicable to all types of organisations irrespective of their size and nature.
2. General Guidelines: They are only guidelines for action and don’t provide direct or readymade solution for a managerial problem.
3. Formed by practice and experimentation: The principles of management have been developed through experimentation as well as experience and wisdom of managers.
4. Flexible: They are flexible i.e. they can be modified by the managers according to a given situation.
5. Mainly behavioural: They are mainly behavioural in nature since they are devised to influence human behaviour.
6. Cause and effect relationship: The principles of management establishes relationship between cause and effect. They guide us as to what would be the effect if a particular principle were to be applied in a given situation.
7. Contingent: The use of principles of management is contingent or dependent upon the prevailing conditions.