"A manager can leave routine decision-making to his subordinates and deal with exceptional situations which require her/his expertise by following the principles of delegation". Identify the significance of the management principle highlighted in the aforesaid statement.

Providing managers with useful insights into reality

The correct answer is Option (4) → Providing managers with useful insights into reality

" (i) Providing managers with useful insights into reality: The principles of management provide the managers with useful insights into real world situations. Adherence to these principles will add to their knowledge, ability and understanding of managerial situations and circumstances. It will also enable managers to learn from past mistakes and conserve time by solving recurring problems quickly. As such management principles increase managerial efficiency. For example, a manager can leave routine decision-making to his subordinates and deal with exceptional situations which require her/his expertise by following the principles of delegation. "....