Importance of Principles of Management.

1.	Importance of Principles of Management.
Answer» Principles of management provides a vision to managerial behavior. Managers use these principles for achievement of objectives/goals. Its importance can be described as under: Managerial efficiency increases because of principles of management. Human and physical resources can be utilized at its maximum level because of management principles. Proper decisions can be taken without partiality and bias, by business unit, with the help of principles of management. Management principles are necessary guide to meet business environment under changing circumstances. With the implementation of principles of management, business unit can easily achieve the objective of social responsibility. The training, education and development of employees become possible with the use of principles of management.

Answer»

Principles of management provides a vision to managerial behavior. Managers use these principles for achievement of objectives/goals. Its importance can be described as under:

Managerial efficiency increases because of principles of management.
Human and physical resources can be utilized at its maximum level because of management principles.
Proper decisions can be taken without partiality and bias, by business unit, with the help of principles of management.
Management principles are necessary guide to meet business environment under changing circumstances.
With the implementation of principles of management, business unit can easily achieve the objective of social responsibility.
The training, education and development of employees become possible with the use of principles of management.

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Importance of Principles of Management.

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