Briefly describe the organisational objectives of Management.
Answers
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answer is given below.
Objectives of Management: Organisational Objectives
Management is responsible for setting and achieving objectives for the organisation. The main objective of any organization should be to utilise human and material resources to the maximum possible advantage, i.e., to fulfill the economic objectives of a business.
Survival: The basic objective of any business is survival. In order to survive, an organization must earn enough revenues to cover costs.
Profit: Management has to ensure that the organization makes a profit. Profit provides a vital incentive for the continued successful operation of the enterprise.
Growth: To remain in the industry, management must exploit fully the growth potential of the organization. There are many indicators of growth such as sales volume, increase in the of employee count, the number of products or the increase in capital investment
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