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प्रश्न
Explain providing managers with useful insights into reality and fulfilling social responsibilities as significance of principles of management.
उत्तर
The significance of management concepts can be derived from their utility, which can be appreciated from the following points:
- Providing managers with useful insights into reality: Management principles assist managers in making the best decisions at the right time by increasing their knowledge, aptitude, and awareness of diverse managerial scenarios and conditions.
- Fulfilling social responsibility: Management principles not only help in the achievement of business goals, but also guide managers in carrying out societal duties. "Equity" and "Fair" pay are two examples.
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संबंधित प्रश्न
Nature of principles of management.
What is the objective of 'Method Study' as a technique of scientific 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.
Explain significance of principles of management.
The principles of management are significant because of ______.
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?
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.
If a manager is not able to achieve the target production of 6,000 units but is able to reduce the costs significantly, then what will he be considered as?
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.
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:
Explain Meeting Changing Environment requirements.
Identify the point of significance of management illustrated in the picture
