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These principles provide a guide to making decisions but they also establish the criteria by which your decisions will be judged by others. The complexity of the current business landscape, combined with ever increasing expectations of performance, and the speed at which decisions must be … Managerial roles are specific behaviors associated with the task of management.Managers adopt these roles to accomplish the basic functions of management just discussed—planning and strategizing, organizing, controlling, and leading and developing employees. It concerns strategic decisions about choice of products, meeting needs of customers, gaining advantage over competitors and exploiting or creating new opportunities etc. Management coordination C. Management control D. Scientific management 27: Organisation Theory deals with A. General guidelines - the formulated … Ethics in Business - Making Ethical ... Business. (All India 2013 2009; Delhi 2011) Ans. 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