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How Does Management Help in Achieving Personal Objectives? State.

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Question

How does management help in achieving personal objectives? State.

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Solution

Management helps in achieving personal objectives by fulfilling the needs of employees such as the need for the competitive salary, opportunities to grow and develop, and good and healthy working environment.

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2014-2015 (March) Delhi Set 1

RELATED QUESTIONS

XYZ Power Ltd. set up a factory for manufacturing solar lanterns in a remote village as there was no reliable supply of electricity in rural areas. The revenue earned by the company was sufficient to cover the costs and the risks. The demand for lanterns was increasing day by day, so the company decided to increased production to generate higher sales. For this, they decided to employ people from the nearby villages as very few job opportunities were available in that area. The company also decided to open schools and crèches for the children of its employees.

  1. Identify and explain the objectives of management discussed above
  2. State any two values which the company wanted to communicate to the society.

Mega Ltd. was manufacturing water-heaters. In the first year of its operations, the revenue earned by the company was just sufficient to meet its costs. To increase the revenue, the company analysed the reasons of less revenues. After analysis, the company decided

1) to reduce the labour cost by shifting the manufacturing unit to a backward area where
labour was available at a very low rate.

2) to start manufacturing solar water-heaters and reduce the production of electric
water-heaters slowly.

This will not only help in covering the risks but also help in meeting other objectives too.

a) Identify and explain the objectives of management discussed above.

b) State any two values which the company wanted to communicate to the society.


The following is not an objective of management.


People in the organisations carry out diverse tasks with the aim to achieve


Which of the following is not an organisational objective of management?


Name the process of working with and through others to effectively achieve organisational objectives by efficiently using limited resources in a changing environment.


______ is used extensively for all types of activities and mainly for taking charge of different activities in any enterprise? 


Management seeks to achieve objectives that are the desired result of any activity. These objectives are derived from the basic purpose of which of the following?


Management objectives must be achieved ______.


Which set correctly classifies objectives of management?


Growth contributes to the ______ prospects of an organisation.


Which of the following is an indicator used to measure growth?


Which community amenities may an organisation provide under social objectives?


Competitive salaries and perks satisfy which personnel needs?


E-Choupal was created by ______.


What does E-Choupal provide to farmers?


Which pair is used by E-Choupal to support farmers?


E-Choupal is recognised as a leading case study at which institution for technology-based rural empowerment?


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