'Professional courses such as MBA (Master of Business Administration), BBA (Bachelor of Business Administration) also teach the principles of management as part of their curriculum at the beginner’s level.'

Which importance of principle of management is highlighted in the above statement?

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. 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. These principles enable refinement of management practices as well by facilitating the development of new management techniques. Thus, we see that techniques like Operations Research (OR), cost accounting, ‘Just in Time’, ‘Kanban’ and ‘Kaizen’ have developed due to further research on these principles.