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Questions
Explain any three objectives of management.
Discuss any four objectives of Management.
Solution
- 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.
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| Column I | Column II | ||
| (a) | Goal-oriented process | (i) | Management is a complex activity involving management of people, work and operations. |
| (b) | Group activity | (ii) | Some aims and objectives are the basic reason for existence of an organization. |
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