Can you provide any four points on the importance of management principles?

Following are the points which you asked for: 1. To increase efficiency 2. To train managers 3. To improve research 4. To crystallise the true nature of management 5. To clarify thinking

Dear Sagar Mandal, Management principles are based on reality, return on investment, customer satisfaction, services on time, market growth and relative share. Hope you understood. All the best.