Any 5 importance of management principles!!
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importance of management principles :-
# Providing managers with useful insight into reality
# Management principles act as guidelines for the managers
# These principles improve knowledge, ability and understanding of managers under various managerial situations
# Improves Understanding - From the knowledge of principles managers get indication on how to manage an organization
# The principles enable managers to decide what should be done to accomplish given tasks and to handle situations which may arise in management. These principles make managers more efficient.
# It helps in Achieving Group Goals
# It arranges the factors of production, assembles and organizes the resources, integrates the resources in effective manner to achieve goals
# It directs group efforts towards achievement of pre - determined goals
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Heyaa Mate...!!
here is your answer..
Importance of management principles are :-
1.) Scientific Decisions
2.) Meeting changing environment req.
3.) Effective Administration
4.) Fulfilling social responsibilities
5.) Optimum utilisation of resources