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Question
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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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.
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