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22. ‘The understanding of principles of …

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22. ‘The understanding of principles of management is necessary for a manager." Do agree with this statement? Give three reasons in support of your answer.
  • 1 answers

Gaurav Seth 3 years, 10 months ago

  • Provide managers with useful insight into reality.
  • Helps in thoughtful decision-making, i.e. scientific decisions.
  • Helps in optimum utilisation of resources and effective administration.
  • Helps the managers in meeting changing environment requirements.
  • Fulfilling social responsibility.
  • Basis of management training, education and research
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