What is meant by ‘Management’? State any three objectives of manag

1.	What is meant by ‘Management’? State any three objectives of management.
Answer» Meaning of Management: It refers to the process of conducting a set of functions (Planning, Organising, Staffing, Directing and Controlling) to get the work done in an efficient and effective manner. Objectives of Management: 1. Organisational objectives: It refers to the utilisation of human and physical resources available in the organisation, considering the interest of all stakeholders. 2. Social Objectives: It refers to the consideration of the interest of the society during managerial activities. 3. Personal or Individual Objectives: It refers to the objective to be determined with respect to the employees of the organisation.

What is meant by ‘Management’? State any three objectives of management.

Answer»

Meaning of Management: It refers to the process of conducting a set of functions (Planning, Organising, Staffing, Directing and Controlling) to get the work done in an efficient and effective manner.

Objectives of Management:

1. Organisational objectives: It refers to the utilisation of human and physical resources available in the organisation, considering the interest of all stakeholders.

2. Social Objectives: It refers to the consideration of the interest of the society during managerial activities.

3. Personal or Individual Objectives: It refers to the objective to be determined with respect to the employees of the organisation.

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