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Principles of management are essential and pivotal principles of management that ultimately aids in successful management in an organisation. Henry fayol has laid down 14 principles of management such as Principle of subordination,scalar chain,command and so on.
Answer

The Principles of Management are the essential, underlying factors that form the foundations of successful managemen

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Principles of management are the activities that “plan, organize, and control the operations of the basic elements of manpower, materials, machines, methods, money and markets, providing direction and coordination, and giving leadership to human efforts, so as to achieve the sought objectives of the enterprise. According to Henri Fayol there are fourteen 'Principles of Management'. These are 

1. Division of work

2. Authority and Responsibility

3. Discipline

4. Unity of command

5. Unity of Direction

6. Subordination of individual interest

7. Remuneration

8. Degree of Centralization

9. Scalar Chain

10. Order

11. Equity

12. Stability of tenure of personnel

13. Initiative

14. Esprit de Corps

Answer

Management principles are the pre set rules and procedure developed after proper experiment and tests with pre defined set of expected result. These are universaly acceptable set of rules devolped to guide managemet in day to day management. 

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