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

Advertisement Remove all ads
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.

Advertisement Remove all ads

Solution

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
  Is there an error in this question or solution?
Advertisement Remove all ads

Video TutorialsVIEW ALL [1]

Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×