Entrance to management institutes is preceded by management aptitude tests, which could not have been developed without an understanding of management principles. This shows which significance of principles of management?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Management training, education and research
Option (1) Providing managers with useful insights into reality — Incorrect. This means principles give managers useful insights into real situations, so they learn from past mistakes and solve recurring problems quickly. It is about a manager’s own learning.
Option (2) Management training, education and research — Correct. Principles are at the core of management theory, so they are the basis of management training, education and research. The aptitude tests for management institutes rest on them, and courses such as MBA and BBA teach them.
Option (3) Scientific decisions — Incorrect. This means decisions are based on facts and logic rather than blind faith, free from bias and prejudice. It is about how a decision is made.
Option (4) Meeting changing environment requirements — Incorrect. This means principles are modified to meet a changing business environment, as when companies specialise in their core business. It is about adapting principles.
NCERT (2026-27 Edition): “(vi) Management training, education and research: Principles of management are at the core of management theory. As such these are used as a basis for management training, education and research. You must be aware that entrance to management institutes is preceded by management aptitude tests. … These principles provide basic groundwork for the development of management as a discipline. Professional courses such as MBA (Master of Business Administration), BBA (Bachelor of Business Administration) also teach these principles as part of their curriculum at the beginner’s level.” |