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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Which is not the importance of principles of management?
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Providing managers with useful insights into reality
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Meeting changing environment
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Helping in taking scientific decisions
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Reducing competition fully
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Explanation:
Detailed explanation-1: -Among the options given above, Functional Foremanship is not a principle of management rather it is a technique of scientific management as given by Taylor. It comprises of the methods or steps to be taken to achieve a desired goal.
Detailed explanation-2: -Importance of Principles of Management: The application of principles of management helps the managers to take right decisions at the right time. These principles of management help managers to tackle the diverse problems in a dynamic business environment.
Detailed explanation-3: -Explanation: (b) Principles of management are not based on rule of thumb/hit-and-trial method, but on a scientific approach.
There is 1 question to complete.