"The principles of management provide the basic groundwork for the development of management as a discipline".
This statement is related to which point of 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 point says the principles help managers understand real work situations better. They can learn from past mistakes and solve repeated problems quickly. It is about the manager’s daily work, not about building a subject of study.
Option (2) Management training, education and research — Correct. Principles of management are at the core of management theory. They are used as a basis for management training, education and research. Courses like MBA and BBA teach them. Management aptitude tests are also built on them. So the principles provide the basic groundwork for the development of management as a discipline, that is, as a subject of study.
Option (3) Scientific decisions — Incorrect. This point says the principles help managers take decisions based on facts and logic, free from bias. It is about decision making, not about management as a subject.
Option (4) Fulfilling social responsibility — Incorrect. This point says the principles now also guide a firm’s duties towards customers, the environment and society. It does not deal with training or research.
NCERT (2026-27 Edition): “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. Do you think that these tests could have been developed without an understanding of management principles and how they may be applied in different situations? These principles provide basic groundwork for the development of management as a discipline. …” |