Question

ABC group of companies decide to donate 3% of its profits to child Rights and You (TRY) for improving the condition of children in India. This initiative by the company was highly appreciated by the public and their sales increased by 10%, Identify the objective in the given lines​

Answer 1

The objective identified is Social objective.

Explanation:

• Social objective indicates the consideration of the benefit of the public during organizational tasks.

• An organization is set up in society. It runs through the sources made accessible by the public, which is why it turns into the duty of every organization to account for social favors.

• Therefore, social objectives are described as the attainment of responsibility of an organization towards the community. Under this objective, the supervisor ensures to assure health, security, and price restraint.

Social objective of management is covered in the following:

1. To form accessible job opportunities
2. To preserve the environment from becoming polluted
3. To assist in developing the living standard.