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प्रश्न
Justify the following statement.
Management principles are helpful in optimum utilization of resources.
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उत्तर
- When achieving an individual's or organization's goals, it is always necessary to employ various methods or procedures. Some of these strategies are universally acknowledged; therefore, they are known as principles. "Principle is defined as a fundamental truth or proposition that serves as the foundation for a system of belief or behaviour or for a chain of reasoning"
- Every company uses two sorts of resources: physical resources (materials, machines, money, etc.) and human resources (manpower).
- The essential function of management is to strike a good balance between these resources by putting them to the best possible use and controlling waste.
- Management consistently uses tactics and principles to preserve discipline and a healthy working environment. It aids in the development of amicable connections between management and employees, which improves employee efficiency and has an impact on successful administration.
As a result, management concepts can help maximize resource utilization.
संबंधित प्रश्न
State the importance of principles of management.
write a short note on the Significance of Principles of Management.
What is the objective of 'Method Study' as a technique of scientific management?
Write short note on the following.
Significance of management.
Management principles are applied differently under different situations.
The principles of management are significant because of ______.
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?
Management principles are contingent or dependent upon the situations prevailing in the organization. Which is the correct explanation associated with this statement:
Why accurate cause and effect relationship cannot be established by principles of management?
Explain optimum Utilisation of resources and effective administration.
Explain Meeting Changing Environment requirements.
The significance point "Scientific decisions" enables managers to take decisions based on:
"Meeting changing environmental requirements" means management principles help managers to:
A firm rapidly shifts to online delivery after consumer preferences change and new regulations alter the market. Which significance of management principles enabled this adaptation?
Which of the following pairs correctly lists two key points of the significance of management principles?
