Management has its own theory and principles that have developed over a period of time, but it also draws on other disciplines such as economics, sociology, psychology and mathematics. Like any other organized activity, management has its own vocabulary of terms and concepts.

Since management deals with human beings and human behaviour, the outcomes of these experiments are not capable of being accurately predicted or replicated.

The application and use of principles of management is not universal. They have to be modified according to a given situation.

Since management deals with human beings and human behaviour, the outcomes of these experiments are not capable of being accurately predicted or replicated and the application and use of principles of management is not universal. They have to be modified according to a given situation.