State any three organisational objectives of Management.

1.	State any three organisational objectives of Management.
Answer» The organisational objective of management are: (i) Survival (ii) Profit (iii) Growth. Detailed Answer: (i) Survival: Management must strive to ensure the survival of the organisation by earning adequate revenues to cover its costs, producing or selling standardised goods or services, keeping the motivation level of the employees high. (ii) Profit: Management should make every effort to minimise the cost and maximise profits and production. Profit provides a vital incentive for the continuous successful operations of the enterprise. (iii) Growth: To remain in the industry, the management of an organisation must optimally utilise its all scarce resources.

Answer»

The organisational objective of management are:

(i) Survival

(ii) Profit

(iii) Growth.

Detailed Answer:

(i) Survival: Management must strive to ensure the survival of the organisation by earning adequate revenues to cover its costs, producing or selling standardised goods or services, keeping the motivation level of the employees high.

(ii) Profit: Management should make every effort to minimise the cost and maximise profits and production. Profit provides a vital incentive for the continuous successful operations of the enterprise.

(iii) Growth: To remain in the industry, the management of an organisation must optimally utilise its all scarce resources.

Discussion

No Comment Found

Related InterviewSolutions

What were the two main occupations of the Rig Vedic Aryans?
Name the two political institutions which exercised check on the powers of the King in the Rig Vedic period.
What w’as the position of women in the Rig Vedic age ?
Describe the social life of the Rig Vedic Aryans with reference to the following: (a) The Family Structure (b) Position of Women (c) Varna System
With reference to the following explain the main features of the Rig Vedic Economy: (a) Agriculture (b) Domestication of Animals (c) Trade Transactions, Crafts and Transportation
Mention any two archaeological sources to reconstruct the later Vedic Age.
Mention any two of the Ashrams in the life of a man in Aryan society.
What information do we gather from the later Vedic literature in respect of: (a) Spread of Vedic Civilization to many New Regions. (b) Role of Iron in later Vedic Economy.
Mention briefly the rituals and sacrifices of the later Vedic Aryans?
What is the message of the Bhagavad Gita?