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प्रश्न
Write short answer for the following.
What is the significance of the principles of management?
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उत्तर
Principles of management play an important role in managerial practices. The following points highlight the significance of
principles of management:
i. Help in logical decision making - Management decisions should be based on reasons and proofs rather than beliefs or intuition. As the principles of management were developed from experiments on real-life problems, they stand the test of logic and reasoning.
ii. 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.
iii. Management control - By acting as the crux of the business theory and management, management principles provide the basis for management training and development. This in turn helps in exercising a better control over management.
iv. 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.
v. 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.
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संबंधित प्रश्न
State the importance of principles of management.
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Significance of management.
Justify the following statement.
Management principles are helpful in optimum utilization of resources.
Explain significance of principles of management.
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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.
Which of the following statement is false with respect to principles of management:
The principles of management are significant because of:
Management principles are contingent or dependent upon the situations prevailing in the organization. Which is the correct explanation associated with this statement:
In a cotton textile mill, various tasks viz. Spinning, weaving, sizing, bleaching, etc. Were divided to different groups of persons. Identify the principle of management stated here:
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.
Explain Meeting Changing Environment requirements.
Identify the point of significance of management illustrated in the picture
Management principles are applied differently under different situations.
