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<http://schema.org/text>
"Principles of management and values are two different concepts. Principles of management are broad guidelines for managerial decision making that are derived from research, observation, analysis, experimental studies, and personal experiences of managers. On the other hand, values are formed as generally accepted behavior in society and have moral coordination. While principles of management focus on the technical aspects of decision making, values reflect the moral and ethical standards that guide behavior in society. It is important for managers to consider both principles of management and values in their decision making to ensure both efficiency and ethical conduct in their organizations.."
<https://edurev.in/t/73001/Chapter-2-Principles-Of-Management--Class-Notes--->