Give any one reason why principles of management do not provide ready-made solution to all managerial problems.

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Solution

Principles of management do not provide readymade solution to all managerial problems because principles provide general guidelines to managers whereas real business situations are extremly complex and not based on theoretical knowledge

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Similar questions

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.

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