Question

xyz Power Limited set up a factory for manufacturing solar lanterns in
a remote village as there was no reliable supply of electricity in rural areas
The revenue earned by the company was sufficient to cover the costs and
the risks. As the demand of lanterns was increasing day by day, the
company decided to increase production to generate higher sales. For this
they decided to employ people from nearby village as very few job
opportunities were available in that area. The company also decided to
open school and creches for the children of its employees.
Identify and explain the objectives of Management discussed above.​

Answer 1

Explanation:

(i) The objectives of the management discussed above are:

A. Organisational objectives of management:

1. Survival and growth of the organisation.

2. Profit Maximization

B. Social objectives of management:

1. Supply of quality products at a reasonable rate.

2. Contribution towards desirable civic activities.

(ii) Any two values which the company wanted to communicate to the society are:

1. Importance of education by opening schools.

2. Importance of eradicating poverty by employing people from village.

Answer 2

Ans:- Organisational objectives

• survival

• profit

• growth

Social objectives