The employment of experts in various fields will help in enhancing the efficiency of various factors of production. (I) TO LESSEN THE LABOUR COST BY MOVING THE MANUFACTURING UNIT TO A BACKWARD LOCALITY WHERE LABOUR WAS AVAILABLE AT A VERY LOW COST.
Using environment-friendly methods of production. An organisation needs to earn profit to face unforeseen or contingent situations. Hence, it keeps the prices of goods within permissible limits. Planning for future. The organisations which care for society enjoy long term growth.
Survival of any organisation whether it is private or government, depends upon its commitment towards society.
Before uploading and sharing your knowledge on this site, please read the following pages: 1. Another objective of management is to ensure the regular supply of goods to the people.
These objectives are set on the basis of the goals of the organisation. Report a Violation 11.
Image Guidelines 4. Prohibited Content 3. It provides a sense of security among the employers and employees. Management undertakes the research and development to take lead over its competitors and meet the uncertainties of the future.
THIS WILL NOT ONLY HELP IN COVERING THE RISKS BUT ALSO HELP IN MEETING OTHER OBJECTIVES TOO. Essays, Research Papers and Articles on Business Management, Business Objectives: Organizational, Social and Personal Objectives. The management of any organisation achieves personal objectives of employees by focusing on and fulfilling the personal needs of the individual employees. The most important objectives of the management are to use various resources of the enterprise in a most economic way.
To know
Objectives can be categorised into organisational objectives, social objectives and personal or individual objectives. Account Disable 12.
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The main objectives of management are: Getting Maximum Results with Minimum Efforts - The main objective of management is to secure maximum outputs with minimum efforts & resources. The more the gap between the cost of production and revenue collected, the better the profit. No management should feel satisfied with today’s work. The aim of the sound management has always been to produce the better quality products at minimum cost.
These objectives are related to the growth of the employees working in an organisation. These objectives are Survival, Profit and Growth of an organisation.
Copyright 10. (II) TO START MANUFACTURING SOLAR HEATERS AND REDUCE THE PRODUCTION OF ELECTRIC HEATERS SLOWLY.
Though the exact future can never be predicted yet on the basis of previous experience and existing circumstances, management can minimise the element of risk.
Promotion of research and development, 8. The environment should be so congenial that workers are able to contribute their maximum to the enterprise.
Also Read: Class 12 Business Studies Syllabus. The basic objective of any organisation is survival. The broad purposes or objectives of the management are as follows—.
Optimum utilisation of resources, 2. Plagiarism Prevention 5.
proprietor, customers, employees and others. Disclaimer 8.
Regular earning of profits makes it possible for an organisation to expand and stay in the industry and face competition. Thus, it provides the benefits of latest research and technology to the society. It will help him in reducing business risk. Another important purpose of management is to prepare a prospective plan. Your email address will not be published. The profit making objective of business is also to be taken care while undertaking various functions. These objectives are set by keeping in mind the interests of various stakeholders like owners, employees, shareholders, employees etc. Management attempts to accomplish specific objectives which are the solicited outcome of any action. It helps in creating and maintaining better work culture. Thus, it tries to remove all types of wastages in the business.
Organisational Objectives: Management is accountable for establishing and attaining objectives for the company.
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