Principles of management help the managers in taking decisions based on the objective assessment of the situation, free of any bias and prejudice. Thus, they approach various problems scientifically, leading to timely implementation of right decisions.
Managers- Managers of a company are mainly interested in its performance, since they are responsible for the daily duties carried out. They will, thus, be more interested in operating performance...
The main strategic decisions may include the following:
i. Whether the company will continue the existing business? or
ii. Whether the company will combine some new products to the existing business? or
iii....
