Significance Principles of Management

Question

Clarify the significance Principles of Management?

Answer 1

The significance principles of management can be resulting from their effectiveness which can be understood from the following points:-

a. Providing managers with useful insights into reality.

b. Optimum utilization of resource and effective administration.

c. Scientific decisions.

d. Meeting the changing environmental requirements.

e. Fulfilling social responsibility.

f. Management training, education and research.