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प्रश्न
State the importance of principles of management.
State any three points of important principles of management.
उत्तर
Introduction: -Management principles are applicable in every business organization and in every situation. These principles are tested and practiced for years in all parts of the world. Therefore, it is important to study its importance or significance. It can be studied with the help of following points:
- Management principles help to improve understanding: -The principles of management help the manager to understand the organization. The study of the principles of management helps to improve the understanding of the situations and problems. It further helps the manager to find out the solutions to the problems and handle situations.
- Help in increasing the efficiency: -By using these principles the organization can increase the efficiency of the employees. Principles can guide the mangers about handling the human resource, reducing the wastage, co-ordinate the activities of different departments, etc. all this helps to improve the productivity in the organization,
- Help to develop the objective approach: -The principles of management help the manager to develop an objective approach. Thus the manager can identify the problem in correct manner and he can provide solutions in an objective manner. This approach builds confidence in the minds of the managers.
- Help to co-ordinate and control: -Management principles give the guidelines for better co-ordination and control. While practicing management the managers can make use of thee principles to co-ordinate the activities of different departments. Manager can exercise better control over the organization. Thus the given target can be achieved easily.
- Understanding social responsibility: -In Modern world more importance is given to understand the social responsibility of business organizations. It is because business organizations are the part of the society. Business organizations should not only emphasize on making profit but they should discharge their responsibility towards the society also. E.g. payment of good remuneration/wages is one of the principles of management which is the responsibility towards employees.
- Research and Development: -Principles of management are dynamic. Their natures go on changing along with the changes in the business world. Over years they have developed to suit the current needs. Therefore these principles give encouragement to research and development in the organization.
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संबंधित प्रश्न
Nature of principles of management.
write a short note on the Significance of Principles of Management.
Explain any four points that highlight the importance of principles of management
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Answer the following question.
Explain any four points regarding the significance of the principles of management.
Write short note on the following.
Significance of management.
Write short answer for the following.
What is the significance of the principles of management?
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 ______.
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.
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?
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.
Which of the following statement is false with respect to principles of management:
The principles of management are significant because of:
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:
Explain any three points that highlight the importance of 'Principles of Management'.
Explain providing managers with useful insights into reality and fulfilling social responsibilities as significance of principles of management.
Explain optimum Utilisation of resources and effective administration.
Explain Meeting Changing Environment requirements.
Identify the point of significance of management illustrated in the picture
Management principles are applied differently under different situations.
