The principles of management emphasise logical decisions making and avoiding bias or prejudice at all cost. The above statement points out that knowledge of these principles help in?

1. Making informed and rational decisions: By following the principles of management, individuals can make decisions based on facts, data, and logical reasoning rather than emotions or personal biases.

2. Improving organizational performance: When decisions are made based on sound management principles, organizations are more likely to achieve their goals and objectives effectively and efficiently.

3. Enhancing teamwork and collaboration: By promoting fair and unbiased decision-making, the principles of management can help create a positive work environment where employees feel valued and respected, leading to better teamwork and collaboration.

4. Minimizing conflicts and misunderstandings: When decisions are made objectively and without bias, there is less room for misunderstandings or conflicts to arise within the organization.

5. Fostering a culture of accountability and transparency: Following management principles helps create a culture where individuals are held accountable for their decisions and actions, leading to greater transparency and trust within the organization.