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The principles of management are significant because of:
- a)Increase in efficiency
- b)All of these
- c)Adaptation to changing technology
- d)Initiative and Optimum utilisation of resources
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The principles of management are significant because of:a)Increase in ...
Explanation:
The principles of management are fundamental guidelines for the management of an organization. These principles guide the managers in decision-making and help them to achieve the organization's objectives effectively and efficiently. The significance of these principles lies in the following points:
Increase in Efficiency:
The principles of management help to increase the efficiency of an organization by providing a framework for the management to work within. By following these principles, the managers can optimize the use of resources and minimize wastage. This results in increased productivity and higher profits.
Adaptation to Changing Technology:
The principles of management are flexible and can be adapted to changing technology. As technology advances, the principles of management need to be adapted to keep up with the changes. This ensures that the organization stays relevant and competitive in the market.
Initiative and Optimum Utilisation of Resources:
The principles of management encourage managers to take initiative and be proactive in their decision-making. This leads to the optimum utilization of resources and ensures that the organization is always moving forward.
All of these:
All of the above points highlight the significance of the principles of management. By following these principles, the managers can ensure that the organization is efficient, adaptable, and utilizes resources optimally. This, in turn, leads to the achievement of organizational objectives and long-term success.
In conclusion, the principles of management play a crucial role in the success of an organization. They provide a framework for decision-making and ensure that the organization is efficient, adaptable, and utilizes resources optimally.
The principles of management are fundamental guidelines for the management of an organization. These principles guide the managers in decision-making and help them to achieve the organization's objectives effectively and efficiently. The significance of these principles lies in the following points:
Increase in Efficiency:
The principles of management help to increase the efficiency of an organization by providing a framework for the management to work within. By following these principles, the managers can optimize the use of resources and minimize wastage. This results in increased productivity and higher profits.
Adaptation to Changing Technology:
The principles of management are flexible and can be adapted to changing technology. As technology advances, the principles of management need to be adapted to keep up with the changes. This ensures that the organization stays relevant and competitive in the market.
Initiative and Optimum Utilisation of Resources:
The principles of management encourage managers to take initiative and be proactive in their decision-making. This leads to the optimum utilization of resources and ensures that the organization is always moving forward.
All of these:
All of the above points highlight the significance of the principles of management. By following these principles, the managers can ensure that the organization is efficient, adaptable, and utilizes resources optimally. This, in turn, leads to the achievement of organizational objectives and long-term success.
In conclusion, the principles of management play a crucial role in the success of an organization. They provide a framework for decision-making and ensure that the organization is efficient, adaptable, and utilizes resources optimally.
Community Answer
The principles of management are significant because of:a)Increase in ...
Answer b is correct becausem increase in efficiency , adaptation to changing technology, and initiative and optimum utilisation of resources are the significant principles of management.
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The principles of management are significant because of:a)Increase in efficiencyb)All of thesec)Adaptation to changing technologyd)Initiative and Optimum utilisation of resourcesCorrect answer is option 'B'. Can you explain this answer?
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