Question

What is the significance of principles of management?

Answer 1

1//Optimum utilization of resources ::

principles of mgt helps in Optimum utilization of resources. for example division of work refers to dividing the task into various small parts. it results in increasing of specialization and thus resources used properly

2// helps in achieving goals...

principles of mgt helps in achieving goals of the business. by creating group efforts.

3// helpful in decision making....

principles of mgt also helps in making decisions of business..

4// general guidelines...

principles of mgt helps in providing general guidelines to the workers of the business..

5//flexible...

principles of mgt is very flexible hence change with changing in environment situation


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