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Question
State any three objectives of management
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Solution
Objectives of Management:
1) Organisational objective: It refers to achieving the goals and targets as set by the
organisation. It includes the following objectives:
- Survival: The organisation must earn enough revenue to cover its overall costs.
- Profit: The earnings of the organisation must be well above the costs incurred
- Growth: It is essential for the organisation to grow to continue in the long run
2) Social objective: It refers to creating benefits for society as a whole and fulfilling one's social responsibility
3) Personal objective: It refers to meeting the personal goals of the people in the organisation along with organisational goals
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