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प्रश्न
Explain optimum Utilisation of resources and effective administration.
उत्तर
Significance of Management: Optimum utilisation of resources and effective administration:
- Management concepts promote the most efficient use of resources by coordinating physical, financial, and human resources. They also contribute to improved management by discouraging personal bias and encouraging an objective attitude.
- Managers can focus on maximizing the use of available resources by implementing management concepts in order to generate productive results at the lowest possible cost and greatest profit.
- It also aids in the development of amicable connections between managers and staff in order to boost productivity levels.
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संबंधित प्रश्न
Nature of principles of management.
Answer the following question.
Explain any four points regarding the significance of the principles of management.
Write short answer for the following.
What is the significance of the principles of management?
Management principles are applied differently under different situations.
Justify the following statement.
Management principles are helpful in optimum utilization of resources.
The principles of management are significant because of
Principles of management emphasize on logical and rational decision making rather than on the basis of. bias and prejudice. The given 'statement highlights that the knowledge of principles of management leads to ______
If a manager is able to achieve the target production of 7,000 units but at a higher cost, then what will he be considered as?
Principles of management provide managers with useful insights into reality. Which of the following statements explain this appropriately?
Identify an important principle of management control in which only significant deviations which go beyond the permissible limit should be brought to the notice of management.
The principles of management are significant because of :
Identify an important principle of management control in which only significant deviations which go beyond the permissible limit should be brought to the notice of management.
Management principles are contingent or dependent upon the situations prevailing in the organization. Which is the correct explanation associated with this statement:
Why accurate cause and effect relationship cannot be established by principles of management?
In a cotton textile mill, various tasks viz. Spinning, weaving, sizing, bleaching, etc. Were divided to different groups of persons. Identify the principle of management stated here:
Identify the point of significance of management illustrated in the picture
Management principles are applied differently under different situations.
