Question

Explain any two importances of Management Principles.​

Answer 1

Explanation:

Management principles help to solve various organizational problems in a pre-defined manner. They guide actions appropriate to the situation. This results in efficient decisions and optimum utilization of scarce organizational resources and increases organizational productivity and profits.

Answer 2

Management principles help to solve various organizational problems in a pre-defined manner. They guide actions appropriate to the situation. This results in efficient decisions and optimum utilization of scarce organizational resources and increases organizational productivity and profits.