Question

Significance of Principles of Management

Answer 1

here is ur answer.....
The Principles of Management are the essential, underlying factors that form the foundations of successful management. According to Henri Fayol in his book General and Industrial Management (1916)...
SIGNIFICANCE =◆◆
(1) Providing managers with useful insight into reality..
2) Management principles act as guidelines for the managers.
3) These principles improve knowledge, ability and understanding of managers under various managerialsituations.....
I hope so it helps u

Answer 2

the significance of principal of management is due to following reasons: (1) Providing managers  with useful insight into reality management principal act as guidelines for the managers These principal improve knowledge, ability and understanding of managers under various managiral situation.