Sponsor Area

Nature And Significance Of Management

Question
CBSEENBS12003531

Discuss the social objectives of management.

Solution

Social objectives are defined as the fulfilment of responsibility of an organisation towards society. Under this objective, manager promises to assure health, safety and price control. Main social objectives of management are included in the following list:

(i) To make available employment opportunities.

(ii) To save environment from getting polluted.

(iii) To contribute in improving living standard.

(iv) To participate in building charitable trusts, dispensaries, educational institutions, etc.

For example, Asian Paints has provided funds under its community development programme,which made possible the effective utilisation of local resources by the farmers. In the same manner, Steel Authority of India regularly provides services related to agriculture, industry, education, health, etc. to the people living nearby to its steel plant.