1.

Explain any three objectives of management.

Answer»

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 new product or a new method of production. 

• Securing maximum results with minimum efforts. 

• Integration of organisational and individual interest.

Social objectives: Social objectives deal with the commitment of an organisation towards society-. 

These objectives include :

• Consumer satisfaction 

• Providing financial support to community 

• Preservation and protection of environment

Individual Objectives: It refers to 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 amongst the workers 

• Integration of personnel objectives with corporate objectives.



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