Business Studies

Discuss the need for the principles of management.


SOLUTION

The need for the principles of management are:

1. The principles are directed towards organisational objectives. 

2. The principles are not rigid rules but general guidelines for the manager. 

3. The principles are based on cause and effect relationship.

4. The principles are very flexible in nature. 

5. The principles results in optimum utilization of the resources allocated in the business.

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Subjective Medium Published on 18th 09, 2020
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