Question

Principles of management provide useful insight to managers.clarify with help of example

Answer 1

Answer:

The principles of management provide the managers with useful insights into real world situations. Adherence to these principles will add to their knowledge, ability and understanding of managerial situations and circumstances.

For example, a manager can leave routine decision-making to his subordinates and deal with exceptional situations which require her/his expertise by following the principles of delegation.

hope it helps..

Answer 2

Principle of management

The organizational principle is the broad and overarching guideline for determining performance. For example, when deciding whether to promote an employee, one manager may consider seniority, whereas another may consider quality.

Providing Managers With Useful Insights Into Reality

Management principles act as guides for managers. These principles improve managers' knowledge, ability, and understanding in various managerial situations. These principles' effects assist managers in learning from their mistakes, and they carefully consider the advantages and disadvantages of their decisions.

• The application of management principles assists managers in making the right decisions at the right time.
• These management principles assist managers in dealing with the diverse problems that arise in a dynamic business environment.

Example:-

By following delegation principles, a manager can delegate routine decision-making to his subordinates while dealing with exceptional situations that require their expertise.

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