Question

S.G. is a well-known company manufacturing washing machines. The company has the policy of paying
proper attention to the training of the managers. The organisation teaches various management
principles to the managers whenever required so that they apply them and understand the practical
aspects of business through them. Year by year the organisation is able to increase its revenue. This is
because the managers are able to economically use the funds of the company and increase the output
of the workers through various principles of management. The company has decided to donate 10% of
their earnings to a nearby orphanage.
Identify and explain the three points of importance of principles of management highlighted above by
quoting the lines.

Answer 1

Answer:

what a big question bro

Answer 2

Importance of principles of management

Explanation:

• Accomplishment of group goals  

Management deals with conversion of diverse resources-people, machines, material, money, and space into a useful enterprise so the managers economically use funds.

• Efficient running of organisation

Efficiency of an organisation will deal on how its management has been successful in subordinating the workers in accomplishing the goals and the company give training to the managers.

• Sound organisation structure.

Management establishes a sound organisation so the company has decided to donate 10% of their earnings to a nearby orphanage.

To know more:

Identify and explain the three points of importance of principles of management highlighted above by  quoting the lines.

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