Principles of management are flexible in nature.

Answer: The statement is correct.

Principles of management are broad, general guidelines for decision making and action; they are not rigid rules like the principles of pure science.

1. They deal with human behaviour, which is complex and changing, so they cannot be applied mechanically.
2. A manager can modify and apply them according to the size, nature and situation of the organisation, e.g. the degree of centralisation differs from firm to firm.
3. They are revised and developed from time to time as business conditions, technology and the environment change.
4. Their application depends on the judgement and skill of the manager.

Thus principles of management are flexible in nature.