Explain how the principles of management:
a. Provide useful insights into the reality and
b. Help in thoughtful decision making.
a. The principles of management provide the managers with useful insights into real life situations. The principles add manager’s knowledge, ability and understanding of managerial situations and circumstances which helps them to solve problems quickly and increase managerial efficiency.
b. Management principles help in thoughtful decision-making. They are based on logic rather than blind faith. Management decisions taken on the basis of principles are free from bias and prejudice. They are based on the objective assessment of the situation.
Identify the nature of management when it is said to be systematised body of knowledge that explain certain general truths.
Planning is done for achieving the organisational goals. Do you agree? Give one reason in support of your answer.
At which level of management are the managers responsible for the welfare and survival of the organisation?
Explain the technique of scientific management that is the extension of ‘Principle of division of work and specialisation’.
