BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The real business situations are complex
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The real business situations are dynamic
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The principles act as general guidelines
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All of the above
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Detailed explanation-1: -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. Was this answer helpful?
Detailed explanation-2: -The principles of management are less than perfect since they mainly apply to human behaviour. In real life, situations are not identical. So, accurate cause and effect relationships may be difficult to establish.
Detailed explanation-3: -Definition of Research Problem Following are some of the important definitions of research problem R.S Woodworth: “A problem is a situation for which we have no ready made solution”.
Detailed explanation-4: -Principles of management are flexible, which means that they are not rigid, and can be modified by the manager as per the situation. The application of principles of management is contingent as it depends upon the prevailing situation at a particular point in time.
Detailed explanation-5: -Principles of management can be applied to any kind of organisation whether it is private or government, not for profit organisation, small, medium, large organisation etc. But their applicability depends upon nature, size of the organisation and different situations.