Management of Parco Ltd. emphasises only on economic objectives. Identify and explain the
objectives which are being ignored. State any two values which are being communicated to
the society while fulfilling these objectives.
[5]
Answers
Answer:
Management attempts to accomplish specific objectives which are the solicited outcome of any action. They must be received from the fundamental view of the business. In any business, there are several objectives and the administration has to complete all objectives in an efficient and effective manner. Objectives can be categorised into organisational objectives, social objectives and personal or individual objectives.
The business objective is a goal, i.e. where the business wants to reach in the future. For example, a business wants to set up its franchise in another state in the next 3 years or it wants to increase its workforce in the coming months.
Business needs objectives, without objectives the business is like a car without headlights driving blind. Objectives of business are the purpose for which the business is established and performed. We can call objectives the cornerstone of every business.
Objectives are needed in every area where performance and results directly affect the survival and prosperity of a business. The right choice of objectives is critical for the success of the business. The objectives of a business can be classified into two main categories, which are
I hope it's helpful for you
Explanation:
Two values (any two points of social objective
)Using environmental friendly method of production
) Supply of good quality products at reasonable rate