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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
State the importance 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?
Explain significance of principles of management.
The principles of management are significant because of ______.
Principles of management emphasize on logical and rational decision making rather than on the basis of. bias and prejudice. The given 'statement highlights that the knowledge of principles of management leads to ______
Principles of management provide managers with useful insights into reality. Which of the following statements explain this appropriately?
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 does not apply to Principles of Management?
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:
Why accurate cause and effect relationship cannot be established by principles of management?
Explain any three points that highlight the importance of 'Principles of Management'.
Management principles are applied differently under different situations.
