Management is the act of getting things done through others and with formally organized groups .

 Objectives of Management : 

(i) Organizational Objectives : An organization strives to achieve multiple organization objectives . Mainly : 

• Survival : A business should be able to earn adequate revenues to cover costs in order to ensure its existence .
• Growth : The progress of a business over the years can be assessed through various parameters like expansion of its capital base , increase in the number of employees , surge in production

(ii) Personal Objectives : These objectives relate to the needs of the employees of the organization which must be given due consideration in order to get their constant support and loyalty . E.g. The employees of a company are happy and satisfied only when they get fair remuneration , good working conditions , unbiased promotion policy etc. 

(iii) Social Objectives : It is expected that every organization should undertake certain initiatives for the welfare of the society at large .