Question

Discuss the significance importance of principle of management

Answer 1

Answer:

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. ... The principles guide managers in decision making and action. The researchers can examine whether the guidelines are useful or not.

Answer 2

The principles of management ensure effective and efficient work by the employees.

Explanation:

• The principles of management are very important for the successful functioning of any business or other type of organization. The significance of principles of management are as follows:

1. Principle of management to reduce the chances of mistakes and errors by the workers.
2. The principle of management ensures coordination and cooperation among the workers.
3. Principles of management ensure timely completion of tasks and achievement of the objectives of the firm.
4. These are also helpful in fulfilling various needs of employers as well as the employees.