Importance of Management Principles

Follwing are the main importance of the Principles of Management

                                                  01 .Improves understanding

                                                  02 .Role of management

                                                  03 .Direction for Training of Managers

04 .Guide to Research in Management

01.Improves Understanding

From the knowledge of principles managers get indication on how to manage an organization.The principles enable managers to decide what shoud be done to accomplish given task and to hadle situations which arise in management.These principles make managers more efficient.

02.Direction of Training of Managers

Principle of management provide understanding of management process what managers would do to accomplish what.Thus,these are helpful in identifing the ares of management in which existing & future managers should be trained.

03.Role of Management

Management principles makes the role of managers concrete.Therefore these principles act as ready reference to the managers to check whether their decisions are appropriate.Besides these principles define managerial activities in practical terms.They tell what a manager is expected to do in specfic situation.

04.Guide to Research in Management

The body of amangement principles indicate lines along which research should be undertaken to make management practical and more effective.The principles guide managers in decision making and action.The researchers can examine whether the guidelines are useful or not.