{"id":1777,"date":"2019-07-08T09:07:39","date_gmt":"2019-07-08T09:07:39","guid":{"rendered":"https:\/\/commerceiets.com\/?p=1777"},"modified":"2019-07-08T09:07:39","modified_gmt":"2019-07-08T09:07:39","slug":"objectives-of-management","status":"publish","type":"post","link":"https:\/\/commerceiets.com\/objectives-of-management\/","title":{"rendered":"OBJECTIVES OF MANAGEMENT"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/commerceiets.com\/objectives-of-management\/#OBJECTIVES_OF_MANAGEMENT\" title=\"OBJECTIVES OF MANAGEMENT\">OBJECTIVES OF MANAGEMENT<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/commerceiets.com\/objectives-of-management\/#ORGANISATIONAL_OBJECTIVES\" title=\"ORGANISATIONAL OBJECTIVES\">ORGANISATIONAL OBJECTIVES<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/commerceiets.com\/objectives-of-management\/#SOCIAL_OBJECTIVES\" title=\"SOCIAL OBJECTIVES\">SOCIAL OBJECTIVES<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/commerceiets.com\/objectives-of-management\/#PERSONAL_OBJECTIVES\" title=\"PERSONAL OBJECTIVES\">PERSONAL OBJECTIVES<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"objectives-of-management\"><span class=\"ez-toc-section\" id=\"OBJECTIVES_OF_MANAGEMENT\"><\/span>OBJECTIVES OF MANAGEMENT<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-medium-font-size\">Objectives are the ends towards which the activities of an organisation are directed. <a aria-label=\"Management (opens in a new tab)\" href=\"https:\/\/commerceiets.com\/management\/\" target=\"_blank\" rel=\"noreferrer noopener\">Management<\/a> 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: <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"580\" height=\"600\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/image-2.png\" alt=\"OBJECTIVES OF MANAGEMENT\" class=\"wp-image-1778\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/image-2.png 580w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/image-2-290x300.png 290w\" sizes=\"(max-width: 580px) 100vw, 580px\" \/><figcaption>OBJECTIVES OF MANAGEMENT<\/figcaption><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"organisational-objectives\"><span class=\"ez-toc-section\" id=\"ORGANISATIONAL_OBJECTIVES\"><\/span>ORGANISATIONAL OBJECTIVES<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">The organizational objectives aim at the growth and\nprosperity of the business. Usually, profit maximization is considered as the\nmain objective of business. But in real world, the business houses also aims at\nexpansion and diversification of the business operations, reduced costs and\nincreasing returns. The main organizational objectives are as follows:<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>SURVIVAL:<\/strong> 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.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>PROFIT:<\/strong> 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.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>GROWTH:<\/strong> 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.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"social-objectives\"><span class=\"ez-toc-section\" id=\"SOCIAL_OBJECTIVES\"><\/span>SOCIAL OBJECTIVES<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">Social objectives of the business organisation deals with\nthe commitment of the organisation toward the society. As the business houses\nare a part of the society, they earn by using the resources of society, so they\nmust do something for the society. The main social objectives of firm are:<\/p>\n\n\n\n<ul><li>Supply quality products to the customers.<\/li><li>Make the products available at reasonable prices. <\/li><li>Create employment opportunities.<\/li><li>Use eco-friendly means of production.<\/li><li>Financial support to community.<\/li><li>Contribution towards desirable civic activities.<\/li><li>&nbsp;Generation of economic wealth.<\/li><li>Organising educational, health and vocational training programmes.<\/li><li>Promote gender equality by providing jobs to females also.<\/li><li>Judicious use of scarce resources.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"personal-objectives\"><span class=\"ez-toc-section\" id=\"PERSONAL_OBJECTIVES\"><\/span>PERSONAL OBJECTIVES<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">Personal objectives are also known as the Human or\nIndividual Objectives. These are related to the employees of the organisation.\nEmployees are considered as the assets of any business house. These are the\nimportant resources and the working of the whole business enterprise depends\nupon the efficiency of the employees of that business. The main individual\nobjectives are:<\/p>\n\n\n\n<ul><li>Providing Good and Healthy Working Conditions.<\/li><li>Compensating competitive salary.<\/li><li>Providing bonus, commission or incentives time to time.<\/li><li>Social Recognition.<\/li><li>Peer Recognition.<\/li><li>Providing training for their personal growth and development.<\/li><li>A sense of job security and job satisfaction, etc.<\/li><\/ul>\n\n\n\n<p class=\"has-medium-font-size\">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.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>ALSO STUDY:<\/strong><\/td><td><strong>ALSO STUDY:<\/strong><\/td><td><strong>ALSO STUDY:<\/strong><\/td><td><strong>ALSO STUDY:<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/management\/\">Management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/objectives-of-management\/\">Objectives of management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/functions-of-management\/\">Functions of management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/process-of-management\/\">Process of management<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/management-is-an-art\/\">Management as an art<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/management-as-a-science\/\">Management as a science<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/management-as-profession\/\">Management as a profession<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/joint-stock-company\/\">Company<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/incentive-plans\/\">Incentive plans<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/14-principles-of-management-by-henri-fayol\/\">14 principles of management by Henry Fayol<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/principles-of-scientific-management\/\">Principles of scientific management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/scientific-management\/\">Scientific management<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/what-is-work-study\/\">Work study<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/time-study\/\">Time study<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/motion-study\/\">Motion study<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/method-study\/\">Method study<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/planning\/\">Planning<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/importance-of-planning-in-management\/\">Importance of planning in management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/benefits-of-planning-in-business\/\">Advantages of planning in business<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/process-of-planning\/\">Process of planning<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/types-of-planning-in-business\/\">Types of planning in business<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/setting-objectives-in-management\/\">Setting objectives in management<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/objectives\/\">Objectives<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/smart-test\/\">SMART test<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/management-by-objectives\/\">Management by objectives<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/policies-in-business\/\">Policies in Business<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/management-and-business-administration\/\">Management and business administration<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/functional-areas-of-management\/\">Functional areas of management<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/limited-liability-partnership\/\">Limited Liability partnership<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/difference-between-llp-and-company\/\">LLP Vs company<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/difference-between-llp-and-partnership\/\">LLP vs Partnership<\/a><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.linkedin.com\/in\/kajal-mahajan-7549b2197\/\" target=\"_blank\" rel=\"noreferrer noopener\">CONNECT ON LINKEDIN<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"266\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-Presentation-resize-1024x266.jpg\" alt=\"OBJECTIVES OF MANAGEMENT\" class=\"wp-image-787\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-Presentation-resize-1024x266.jpg 1024w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-Presentation-resize-300x78.jpg 300w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-Presentation-resize-768x199.jpg 768w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-Presentation-resize-1536x398.jpg 1536w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/04\/cropped-Presentation-resize.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>OBJECTIVES OF MANAGEMENT<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>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&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/commerceiets.com\/objectives-of-management\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;OBJECTIVES OF MANAGEMENT&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":1783,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[70],"_links":{"self":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts\/1777"}],"collection":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/comments?post=1777"}],"version-history":[{"count":0,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts\/1777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media\/1783"}],"wp:attachment":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media?parent=1777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/categories?post=1777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/tags?post=1777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}