Scientific decisions: Decisions must be based on facts, They must be timely, realistic and subject to measurement and evaluation. Management principles help in thoughtful decision-making. They emphasise logic rather than blind faith. 

Management training, education and research: Principles of management are at the core of management theory. As such these are used as a basis for management training, education and research

 Meeting changing environment requirements: Although the principles are in the nature of general guidelines but they are modified and as such help managers to meet changing requirements of the environment

 Fulfilling social responsibility: The increased awareness of the public, forces businesses especially limited companies to fulfill their social responsibilities