What is the thumb rule of management ? Why it is important?

 Some of these are:-

1. Maximisation of output with minimisation of input resources.
2. Optimisatized use of gamut of resources allotted.
3. Strategize,Plan Org structure,Design Org Controls and culture.
4. Continuous Value Addition and Innovation for customer.

 1.Thumb Rule is  just same with EEE( Effictiveness,Efficiency,Economy)

2. Ensure maximum output against hisgt minimun input for every sector