Question

Answer the question.
Discuss the need for the principles of management.

Answer 1

Principles of management are required for the following reasons:

1. Providing managers with useful sights into reality: With the help of principles of management, the organization will increase the managerial efficiency by adding to their knowledge and ability to understand the various situations. These principles enable managers to solve problems in a methodical way without wasting time and effort in trial and error. It also helps to improve the art of management by suggesting how things should be done to get good results.
2. To train managers: Principles of management provide a conceptual framework for scientific and systematic training and development of managers. It is a central point of management theory. Formal methods of training managers in institutes and universities are possible only when there are fundamental principles and concepts.
3. To evaluate managerial behavior: Principles help to prescribe what one should do to manage things in a given situation. These principles attempt to evaluate the behavior of managers.
4. To fulfill the social goals: Management principles enable managers to make optimum use of human and material resources. The principles of management and management theory have been devised in such a way that they help in fulfilling these responsibilities. Managers coordinate efforts of the people so that individual objectives get translated into social attainments.
5. To improve research: Growing popularity and utility of management principles have attracted experts towards their study and analysis. It also helps the managers in taking decisions based on the objective assessment of the situation, free of any bias and prejudice. It will help in expanding the horizon of knowledge in management.