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प्रश्न
Explain any three objectives of management.
Discuss any four objectives of Management.
उत्तर
- The three objectives of management are :
Organisational objectives: Management is responsible for setting and achieving the objectives of an organisation. These objectives include :- Optimum utilization of resources.
- Innovation and development of a new product or a new method of production.
- Securing maximum results with minimum effort.
- Integration of organisational and individual interests.
- Social objectives: Social objectives deal with the commitment of an organisation towards society-. These objectives include :
- Consumer satisfaction
- Providing financial support to the community
- Preservation and protection of the environment
- Individual Objectives: It refers to the ascertainment of the objectives in reference to the employees while ascertaining personal objectives. It must be taken into consideration that in no way there is a clash between organisational and personal objectives.
These objectives include :- Providing good working conditions
- Peer recognition
- Good human relations among the workers
- Integration of personnel objectives with corporate objectives.
- Development of people: People are more valuable than possessions.
- To attract top talent, management should offer mentorship and training programmes to help them develop new abilities and improve their professions.
- Employee development and growth improve work quality and efficiency, allowing management to fulfil many objectives simultaneously.
Notes
Student can refer to the provided solutions based on their preferred marks and questions.
संबंधित प्रश्न
What is meant by 'Management'?
What is meant by 'effectiveness' in management?
Answer the question briefly.
Why is management considered to be discipline?
Answer the following question.
Mita has a successful ice cream business at Bikaner, namely "Smart flavours' ice creams are utterly delicious. She makes ice creams from fresh milk and the same are available in a wide range of flavours and packs. She sets viable business objectives and works with the same in mind in order to ensure that the customers will come back for purchasing.
Having the first-mover advantage, her business was doing well. To earn higher profits, she started cutting costs. This would sometimes lead to delay in delivery and the ice cream was not reaching the market in time. Over a period of time, the demand for her ice cream declined and because of it, the competitors entered the market. She lost some of her market share to competitors.
At the beginning of the summer season, she got back to backorder for the supply of 4,000 ice cream packs of different flavors for special occasions. To ensure that the task was completed and orders delivered in time she hired additional workers. She was, thus able to produce and deliver the ice cream packs but at a high production cost. While completing activities and finishing the given task for achieving goals, Mita realized that she was ignoring one of the important aspects of management.
Identify the aspects of management that has been ignored by Mita. Also, explain the same with the help of an example.
What is Management?
Management translates the works to be carried out in terms of goals to be achieved and assigns the means to achieve it. This statement relates to ______.
Read the following text and answer the following question on the basis of the same:
Simplex Limited had been taken over by Mundhra Group immediately following India's independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation of resources to reduce wastage. For this purpose, the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.
"In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions." What is the objective mentioned here according to the process stated here?
Read the following text and answer the following question on the basis of the same:
Simplex Limited had been taken over by Mundhra Group immediately following India's independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation of resources to reduce wastage. For this purpose, the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.
"In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures." Which limitation of the management process is indicated here?
"Anyone can be called a manager irrespective of the educational qualification possessed." Identify the characteristic of the profession that Management does not fulfill in the statement being discussed above:
Akash works as a production manager in ‘Elite Enterprises’ manufacturing LED lights. Due to festive season, there is lot of demand for their lights. Akash was given the task of producing 100 units of LED lights @ ₹ 200 per unit within 5 days for an urgent order. Akash was able to achieve the target of 100 units of LED lights within 5 days @ ₹ 220 per unit.
Identify from the following whether Akash is:
