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Explain the following principle of management: Order - Business Studies

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Question

Explain the following principle of management:

Order

Explain

Solution

The principle of order highlights how crucial it is to arrange people, equipment, materials, and resources in a methodical and ordered way in order to effectively accomplish organizational goals. Keeping resources organized to promote efficient workflow, reduce waste, and increase output is a key component of orderliness. Organizations can optimize resource usage, minimize errors and delays, and streamline operations by upholding order. For instance, establishing standardized practices for workflow and inventory management aids in keeping manufacturing operations organized. 

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2023-2024 (February) Delhi Set - 2
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