(i) Following these principles of management adds to the managers’ knowledge, ability and understanding of managerial situations and circumstances and the principles of management provide the managers with useful insights into real world situations.
(ii) Principles of management ensure optimum utilisation of resources and effective administration.
(iii) These principles help to take scientific decisions, which bring a perfection in the organisation and also help in the development of the organisation to its greatest extent.
(iv) These help an organisation in adapting to the changing environmental requirements.
