why do managerial principles not serve as readymade straitjacket solutions to all managerial problems?

The real business situations are usually very complex and dynamic in nature. The applicability of the same principle differs for different situations. Hence, management principles do not serve as readymade straight jacket solutions to all managerial problems. Rather, they provide management with the general guidelines that can be applied in a flexible manner in different situations.
 
We would advice you to not to keep on piling your questions, rather, you should keep posting 1 to 2 questions per subject (Accountancy, Economics and Business Studies) on everyday basis. Ideally, you should go through the study material that is available on our website and look for the answers to the questions. This will not only help you to enhance your analytical abilities but also will help you to learn the application of your knowledge. In this manner, you will gain confidence and will help you in evaluating your preparation. ​
 

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