Question

justify the following statements / management principles are helpful in optimunm utilization of resources. ​

Answer 1

Answer:

• In every organization two types of resources are used i.e physical resources(material, machines, money etc) and human resources (manpower).
• The basic function of management is to make proper balance between these resources by putting them to optimum use and control on wastage of resources.
• While maintaining discipline and healthy working environment, management always use techniques and principles. It helps in establishing cordial relationships between management and employees which increases the efficiency level of employees and also affects the effective administration.
•  Management principles are in the form of pre-determined solutions for the problems which are recurring.

∴, Management principles are helpful in optimum utilization of resources.