Explain how principles of management :
(i) Provide useful insight into reality.
(ii) Help in thoughtful decision-making.
(iii) Help the managers in meeting changing environmental requirements.
(iv) Help the managers in making scientific decisions.
(v) Do not provide ready-made solutions to all managerial problems.
Explain how principles of management :
(i) Provide useful insight into reality.
(ii) Help in thoughtful decision-making.
(iii) Help the managers in meeting changing environmental requirements.
(iv) Help the managers in making scientific decisions.
(v) Do not provide ready-made solutions to all managerial problems.
(i) Provide useful insight into reality: As human behaviour is not exact and unpredictable, management principles are not exact or static. They continuously provide useful insight into reality.
(ii) Help in thoughtful decision-making: Principles of management are concerned with decision-making ensuring the optimal approach to utilise and integrate, individual efforts along with other physical resources.
(iii) Help the managers in meeting changing environment requirements: The principles involve research-based scientific approaches which are incorporated through guidelines in the organisation. Based on these guidelines along with cooperation and coordination between managers and workers ensures optimum use of resources, minimal wastage and maximum profit without loss of social value.
(iv) Help the managers in taking scientific decisions: This means that the principles are dynamic in nature based on scientific research and approach. Accordingly, the guidelines can be modified and adopted within an organisation. These guidelines assist in decision-making for tackling complex problems with practical solutions that encourages efficiency and improvement in productivity.
(v) Do not provide ready-made solutions to all management problem: Principles of management do not provide ready-made solutions to all managerial problems because they adopt a systematic and scientific approach towards the problem to facilitate continuous growth.
(i) Provide useful insight into reality: As human behaviour is not exact and unpredictable, management principles are not exact or static. They continuously provide useful insight into reality.
(ii) Help in thoughtful decision-making: Principles of management are concerned with decision-making ensuring the optimal approach to utilise and integrate, individual efforts along with other physical resources.
(iii) Help the managers in meeting changing environment requirements: The principles involve research-based scientific approaches which are incorporated through guidelines in the organisation. Based on these guidelines along with cooperation and coordination between managers and workers ensures optimum use of resources, minimal wastage and maximum profit without loss of social value.
(iv) Help the managers in taking scientific decisions: This means that the principles are dynamic in nature based on scientific research and approach. Accordingly, the guidelines can be modified and adopted within an organisation. These guidelines assist in decision-making for tackling complex problems with practical solutions that encourages efficiency and improvement in productivity.
(v) Do not provide ready-made solutions to all management problem: Principles of management do not provide ready-made solutions to all managerial problems because they adopt a systematic and scientific approach towards the problem to facilitate continuous growth.
