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Explain how principles of management provides …

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Explain how principles of management provides managers with useful insights into reality and helps in thoughtful decision making.

Posted by Abhijith Satish 5 years, 7 months ago

CBSE > Class 12 > Business Studies

1 answers

Yogita Ingle 5 years, 7 months ago

a. The principles of management provide the managers with useful insights into real life situations. The principles add manager’s knowledge, ability and understanding of managerial situations and circumstances which helps them to solve problems quickly and increase managerial efficiency.
b. Management principles help in thoughtful decision-making. They are based on logic rather than blind faith. Management decisions taken on the basis of principles are free from bias and prejudice. They are based on the objective assessment of the situation.

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