For out-of-warranty cars, youâve got two choices: replace the battery, or the car. As weâve told you before, the unit cost of a Toyota Prius battery pack is between $2,300 and $2,590, depending on the model you have.
The point of the organizing principle is to isolate the purpose you want to achieve and/or define a guiding pole that governs action. The whats and the hows-that is, the practical solutions - will flow fairly easily once you understand the whys.
They serve as a guide to thought & actions. Therefore, management principles are the statements of fundamental truth based on logic which provides guidelines for managerial decision making and actions. These principles are derived: -. 1  On the basis of observation and analysis i.e. practical experience of managers. 2  By conducting experimental studies.