Skip to content

COMMERCEIETS

STUDY TO ENLIGHTEN YOURSELF

  • BCOM GNDU NOTES – SCORE BEST IN YOUR EXAMS!!!
  • MANAGEMENT ACCOUNTING
  • BUSINESS ORGANISATION
  • DIRECT TAX LAWS
  • INTERNATIONAL BUSINESS
  • INDUSTRIAL AND LABOUR LAWS
  • OPERATIONS RESEARCH
  • RISK MANAGEMENT AND INSURANCE
  • BUSINESS STATISTICS
  • PARTNERSHIP ACCOUNTS
  • CORPORATE ACCOUNTING
  • COMMERCIAL LAW
  • MANAGERIAL ECONOMICS
  • BUSINESS MANAGEMENT
  • 11 ACCOUNTANCY
  • GOODS AND SERVICE TAX
  • MICRO ECONOMICS
  • 12 ACCOUNTANCY
  • KEY DIFFERENCES
  • COST ACCOUNTING
  • FINANCIAL ACCOUNTING
  • FINANCIAL MANAGEMENT
  • Toggle search form

OBJECTIVES OF MANAGEMENT

Posted on July 8, 2019 By commerceiets No Comments on OBJECTIVES OF MANAGEMENT

Table of Contents

  • OBJECTIVES OF MANAGEMENT
      • ORGANISATIONAL OBJECTIVES
      • SOCIAL OBJECTIVES
      • PERSONAL OBJECTIVES

OBJECTIVES OF MANAGEMENT

Objectives are the ends towards which the activities of an organisation are directed. Management is an art of getting things done through others with the aim of achieving all the set targets on time by incurring minimum cost. The main objective of management is to run the organisation smoothly. Following the Objectives of Management categorized into three heads:

OBJECTIVES OF MANAGEMENT
OBJECTIVES OF MANAGEMENT

ORGANISATIONAL OBJECTIVES

The organizational objectives aim at the growth and prosperity of the business. Usually, profit maximization is considered as the main objective of business. But in real world, the business houses also aims at expansion and diversification of the business operations, reduced costs and increasing returns. The main organizational objectives are as follows:

SURVIVAL: The main aim of the organisation is to become self-sufficient to that extent that it can survive in the cut-throat competitive market for a long period of time. The more the firm maintains itself in the competitive world, the more positive image it will have in the minds of the customers.

PROFIT: Another aim of the organisation is to earn profit. Profit is the reward for risk bearing by the owner. More the risk, more the profit will be. Profit earning is yardstick to measure the efficiency of the business. It is required for expansion and diversification of business operations and its survival in the market.

GROWTH: Business organisation must grow and expand their activities. The success of any organisation is measured by the growth rate and growth is measured in the terms of sales, number of branches, number of products, number of employees etc.

SOCIAL OBJECTIVES

Social objectives of the business organisation deals with the commitment of the organisation toward the society. As the business houses are a part of the society, they earn by using the resources of society, so they must do something for the society. The main social objectives of firm are:

  • Supply quality products to the customers.
  • Make the products available at reasonable prices.
  • Create employment opportunities.
  • Use eco-friendly means of production.
  • Financial support to community.
  • Contribution towards desirable civic activities.
  •  Generation of economic wealth.
  • Organising educational, health and vocational training programmes.
  • Promote gender equality by providing jobs to females also.
  • Judicious use of scarce resources.

PERSONAL OBJECTIVES

Personal objectives are also known as the Human or Individual Objectives. These are related to the employees of the organisation. Employees are considered as the assets of any business house. These are the important resources and the working of the whole business enterprise depends upon the efficiency of the employees of that business. The main individual objectives are:

  • Providing Good and Healthy Working Conditions.
  • Compensating competitive salary.
  • Providing bonus, commission or incentives time to time.
  • Social Recognition.
  • Peer Recognition.
  • Providing training for their personal growth and development.
  • A sense of job security and job satisfaction, etc.

The employees will lose interest in their work if their objectives are neglected. Management must try to integrate the personal objectives with the organizational objectives.

ALSO STUDY:ALSO STUDY:ALSO STUDY:ALSO STUDY:
ManagementObjectives of managementFunctions of managementProcess of management
Management as an artManagement as a scienceManagement as a professionCompany
Incentive plans14 principles of management by Henry FayolPrinciples of scientific managementScientific management
Work studyTime studyMotion studyMethod study
PlanningImportance of planning in managementAdvantages of planning in businessProcess of planning
Types of planning in businessSetting objectives in managementObjectivesSMART test
Management by objectivesPolicies in BusinessManagement and business administrationFunctional areas of management
Limited Liability partnershipLLP Vs companyLLP vs Partnership
CONNECT ON LINKEDIN
OBJECTIVES OF MANAGEMENT
OBJECTIVES OF MANAGEMENT
BUSINESS MANAGEMENT Tags:MANAGEMENT

Post navigation

Previous Post: MANAGEMENT Notes for B.Com/ BBA/ M.Com/ MBA students
Next Post: BOOK KEEPING

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • 11 ACCOUNTANCY
  • 12 ACCOUNTANCY
  • BCOM GNDU NOTES
  • BUSINESS MANAGEMENT
  • BUSINESS ORGANISATION
  • BUSINESS STATISTICS
  • COMMERCIAL LAW
  • CORPORATE ACCOUNTING
  • CORPORATE OR COMPANY LAW
  • COST ACCOUNTING
  • DIRECT TAX LAWS
  • FINANCIAL ACCOUNTING
  • FINANCIAL MANAGEMENT
  • FINANCIAL MARKET OPERATIONS
  • GOODS AND SERVICE TAX
  • INDUSTRIAL AND LABOUR LAWS
  • INTERNATIONAL BUSINESS
  • KEY DIFFERENCES
  • MANAGEMENT ACCOUNTING
  • MANAGERIAL ECONOMICS
  • MICRO ECONOMICS
  • OPERATIONS RESEARCH
  • PARTNERSHIP ACCOUNTS
  • RISK MANAGEMENT AND INSURANCE

Copyright © 2023 COMMERCEIETS.

Powered by PressBook WordPress theme