Real Alliance Ltd. is a well-known cement company in India. It is able to earn adequate revenues to cover costs. Its capital base, number of employees and production turnover has increased manifolds over the years. The rate of profitability of the business is also creditable. The employees of the company are happy and satisfied with their remuneration, working conditions, promotion policy etc. As a part of its moral obligation, the company has taken many initiatives for providing employment to specially abled persons and promoting literacy in the villages adopted by it.
In the context of the above case:
1. Identify and explain the various types of objectives of management being fulfilled by Real Alliance Ltd by quoting lines from the paragraph.
2. List any two values that Real Alliance Ltd. wants to communicate to the society.
Answers
Answer:
1.The various objectives of management being fulfilled by Real Alliance Ltd are stated below: Organisational objectives: An organization strives to achieve multiple organisational objectives, mainly: Survival: “It is able to earn adequate revenues to cover costs.” increased manifolds over the years.
2.he two value that Real Alliance Ltd. wants to communicate to the society are: Social welfare. Respect for their employees.
Explanation:
Answer:
The various objectives of management being fulfilled by Real Alliance Ltd are stated below:
Organisational objectives: An organization strives to achieve multiple organisational objectives, mainly:
Survival: “It is able to earn adequate revenues to cover costs.”
Growth: “Its capital base, number of employees and production turnover has
increased manifolds over the years.”
Profit: “The rate of profitability of the business is also creditable.”
Personal objectives: These objectives relate to the needs of the employees of the organization which must be given due consideration.
“The employees of the company are happy and satisfied with their remuneration, working conditions, promotion policy etc.”
Social objectives: It is expected that every organization should undertake certain initiatives for the welfare of the society at large.
“As a part of its moral obligation, the company has taken many initiatives for providing employment to specially abled persons and promoting literacy in the villages adopted by it.”
The two value that Real Alliance Ltd. wants to communicate to the society are:
Social welfare
Respect for their employees