Question

Explain Management Training, education and research as significance of principles of management. 

Answer 1

A proper grasp of principles is the foundation of management training, research, and development. Management is taught using these ideas, which aid management colleges in preparing future managers. These concepts assist managers in making sound decisions and taking appropriate actions. The application of these concepts by managers results in management innovation. Example: Sunil Mittal's ability to run Airtel successfully is the product of such training, knowledge, and study.