(i) Principle of Discipline – Discipline in the context of management means obedi¬ence, proper conduct in relation to others and complying with the rules and regulations of the organisation. Smooth running of business requires discipline. Discipline is required not only on the part of workers but also on the part of management. It is facilitated if there are good supervisors at all levels, rules are clear, and penalties are imposed with fairness. The positive effect of principle of discipline is to ensure smooth running of business.
(ii) Initiative – Initiative is the power of thinking out a plan and ensuring its successful implementation. It stimulates human endeavour. In other words, initiative means eagerness to initiate action without being asked to do so. Employees at all levels should be allowed to take initiative in work related matters. In an organisation, initiative on the part of its employees can become a great source of strength for it. One of the characteristics of management mentioned in the given para is that management is a group activity.
(iii) Management is a group activity – Management comes into picture where groups of persons are involved in working towards a common objective. Where a single individual works for his individual goals, management has no role to play