Question
Explain, in brief, management as a 'Dynamic Function'.
Solution
Management is based on some principles which are dynamic. Principles of management arechanging according to the changing business environment. For the reason that environment isdynamic, many old principles have been replaced by new ones. Still, because of going onchanges in social, technical, political and industrial environment, search for novel principles isgoing on and no principle can be termed as ultimate. In this context, it can be rightly said thatnothing is permanent (eternal) in management.
