explain the objectives of management
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Management by objectives (MBO) is a management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees. ... The term was first outlined by managementguru Peter Drucker in his 1954 book, The Practice of Management.
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1. ORGANISATIONAL OBJECTIVE: management is responsible 4 setting achieving objectives 4 the organisation.
*SURIVIVAL: management must strive to ensure the survival of the organisation.
*PROFIT: management has to ensure that the organisation makes profit.
*GROWTH: growth of a business can be measured in terms of sales volume, increase in the no.of employees, the no.of products or increase in capital investmant, etc.
2. SOCIAL OBJECTIVES: every organisation has a social obligation to fulfil.
3. PERSONAL OBJECTIVES: management has to reconcile personal goals with organisational objectives 4 harmony in the organisation.
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