Nature and Significance of Management
Objectives of management can be broadly divided into the following three categories:
(a) Organisational Objectives: It refers to ascertain objectives for the whole organisationwhich are survival, profit and growth:
(i) Survival
(ii) Profit
(iii) Growth
(b) Social Objectives: It refers to assure health, safety and price control to the society.Main social objectives of management are included in the following list:
(i) To save environment from getting polluted.
(ii) To contribute in improving living standard.
(iii) To make available good quality products at a reasonable price.
(c) Personal Objectives: It refers to ascertainment of the objectives in reference to theemployees.
While ascertaining personal objectives, care must be taken that in no way there is a clash
between organisational and personal objectives.
Main objectives of management towards employees are as follows:
(i) To give deserving remuneration.
(ii) To provide good working environment.
(iii) To provide a share in profit.
Sponsor Area
Explain any five features of management.
Explain, in brief, ‘management’ as an activity.
How is Management a 'Goal Oriented Process'?
Sponsor Area
Sponsor Area