Explain How Principles of Management Help the Managers: (I) in Taking Scientific Decisions; and (Ii) in Providing the Managers with Useful Insights into Real World Situations. - Business Studies

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Short Note

Explain how the principles of management help the managers:
(i) in taking scientific decisions; and
(ii) in providing the managers with useful insights into real-world situations.

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Principle of Management helps in

(i) Scientific Decisions - Management decisions should be based on reason and proof rather than beliefs and intuitions. As the principles of management were developed from experiments on real-life problems, they stand the test of logic and reasoning.

(ii) Insights to reality - As management principles are based on years of experimentation and experience, they guide the managers in facing real-world problems in a more effective manner.

Concept: Concept of Principles of Management
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