Why principles of management are needed? Explain by giving any five re

1.	Why principles of management are needed? Explain by giving any five reasons.
Answer» Following are the main five reasons which highlight the importance of management principles: (i) Improves understanding: The knowledge of principles improves the understanding of the managers about the ways and means of managing an organisation. (ii) Direction for training of managers: The principles are helpful in identifying the areas of management in which existing and future managers should be trained. (iii) Optimum utilization: Management principles aim at optimum utilization of human and physical resources for the attainment of organisational goals. (iv) Meeting changing environment requirement: Management principles help the managers to meet changing requirements of the environment. (v) Fulfilling social responsibility and research: Management principles are used as a basis for management training, education and research.

Why principles of management are needed? Explain by giving any five reasons.

Answer»

Following are the main five reasons which highlight the importance of management principles:

(i) Improves understanding: The knowledge of principles improves the understanding of the managers about the ways and means of managing an organisation.

(ii) Direction for training of managers: The principles are helpful in identifying the areas of management in which existing and future managers should be trained.

(iii) Optimum utilization: Management principles aim at optimum utilization of human and physical resources for the attainment of organisational goals.

(iv) Meeting changing environment requirement: Management principles help the managers to meet changing requirements of the environment.

(v) Fulfilling social responsibility and research: Management principles are used as a basis for management training, education and research.

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