what is meant by management? state any three objective of management
Answers
Explanation:
Management is the process of getting the work done with the aim achieving the organisation goals in an efficient and effective manner. The following are the objectives of management.
1. Organisation /economic objectives; It involves optimal localisation of material and human resources available. It involves the following objectives.
a. Survival the overall revenue must be adequate to cover the cost
b. Profit: profit must be earned such that the risk and costs are covered
c. Growth; To continue in the organisation must focus o growth in terms of sales, production, number of employees, etc.
2. social objectives: Social obligation such as adoption of environment opportunities etc. must also be considered.
3. Personal objectives: Personal objectives of the individuals ( financial objectives as well as social objectives) must be accommodation
Answer:
Management is the process of getting the work done with the aim achieving the organisation goals in an efficient and effective manner.
- The following are the objectives of management.
1. Organisation /economic objectives; It involves optimal localisation of material and human resources available. It involves the following objectives.
a. Survival the overall revenue must be adequate to cover the cost
b. Profit: profit must be earned such that the risk and costs are covered
c. Growth; To continue in the organisation must focus o growth in terms of sales, production, number of employees, etc.
2. social objectives: Social obligation such as adoption of environment opportunities etc. must also be considered.
3. Personal objectives: Personal objectives of the individuals ( financial objectives as well as social objectives) must be accommodation.
The main objectives of management are: Getting Maximum Results with Minimum Efforts - The main objective of management is to secure maximum outputs with minimum efforts & resources. ... Maximum Prosperity for Employer & Employees - Management ensures smooth and coordinated functioning of the enterprise.