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प्रश्न
Write short note on the following.
Significance of management.
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उत्तर
Principles of management play an important role in governing managerial practices. The following points highlight the significance of principles of management:
i. Help gain insights into reality - Principles of management are based on years of experimentation and experience. Therefore, these principles guide managers when they face real-life problems.
ii. Ensures optimal use of resources and efficiency - Principles of management optimize the use of the resources. With the help of these principles, management can determine and predict the exact cause and effect relationship of their decisions. Thus, any plausible wastage of resources is avoided and efficiency is attained.
iii. Promote research and development - The principles of management are flexible in nature and can therefore be moulded as per the requirements. This in turn helps the organizations to change according to the need and invest in R&D accordingly.
iv. Focus on social responsibility - Management principles help the managers and workers of any organisation in fulfilling their social responsibilities. The principles focus on the importance of taking care of business dealings while paying equal attention to customers’ values.
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संबंधित प्रश्न
Nature of principles of management.
Explain any four points that highlight the importance of principles of management
Write short answer for the following.
What is the significance of the principles of management?
Justify the following statement.
Management principles are helpful in optimum utilization of resources.
The principles of management are significant because of ______.
The principles of management are significant because of
If a manager is able to achieve the target production of 7,000 units but at a higher cost, then what will he be considered as?
Identify an important principle of management control in which only significant deviations which go beyond the permissible limit should be brought to the notice of management.
If a manager is not able to achieve the target production of 6,000 units but is able to reduce the costs significantly, then what will he be considered as?
The principles of management are significant because of :
Which of the following statement is false with respect to principles of management:
Management principles are contingent or dependent upon the situations prevailing in the organization. Which is the correct explanation associated with this statement:
Explain any three points that highlight the importance of 'Principles of Management'.
Explain providing managers with useful insights into reality and fulfilling social responsibilities as significance of principles of management.
Explain optimum Utilisation of resources and effective administration.
Identify the point of significance of management illustrated in the picture
