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    Objectives of Management: Organisational Objectives: Survival: Profit: Growth

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    Ansel Guillien Gatulayao Samson
    The document discusses the different objectives of management in an organization. It categorizes management objectives into three categories: organizational objectives, social objectives, and personal objectives. Organizational objectives include survival, profit, and growth. Social objectives involve environmental protection, employment opportunities, and community amenities. Personal objectives refer to competitive pay/benefits, recognition, and growth opportunities. Management must balance these different objectives for organizational harmony.

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    Objectives of Management: Organisational Objectives: Survival: Profit: Growth

    Uploaded by

    Ansel Guillien Gatulayao Samson
    247 views2 pages
    The document discusses the different objectives of management in an organization. It categorizes management objectives into three categories: organizational objectives, social objectives, and personal objectives. Organizational objectives include survival, profit, and growth. Social objectives involve environmental protection, employment opportunities, and community amenities. Personal objectives refer to competitive pay/benefits, recognition, and growth opportunities. Management must balance these different objectives for organizational harmony.

    Original Description:

    Educational Management

    Original Title

    Reading EM 201

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    The document discusses the different objectives of management in an organization. It categorizes management objectives into three categories: organizational objectives, social objectives, and personal objectives. Organizational objectives include survival, profit, and growth. Social objectives involve environmental protection, employment opportunities, and community amenities. Personal objectives refer to competitive pay/benefits, recognition, and growth opportunities. Management must balance these different objectives for organizational harmony.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    247 views2 pages

    Objectives of Management: Organisational Objectives: Survival: Profit: Growth

    Uploaded by

    Ansel Guillien Gatulayao Samson
    The document discusses the different objectives of management in an organization. It categorizes management objectives into three categories: organizational objectives, social objectives, and personal objectives. Organizational objectives include survival, profit, and growth. Social objectives involve environmental protection, employment opportunities, and community amenities. Personal objectives refer to competitive pay/benefits, recognition, and growth opportunities. Management must balance these different objectives for organizational harmony.

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    In any organization there are different objectives and management has to achieve all

    objectives in an effective and efficient manner.


    These objectives of management can be classified into three categories:
    1. Organizational objectives
    2. Social objectives
    3. Personal objectives
    Let’s discuss these objectives one by one.

    Objectives of Management: Organisational


    Objectives
    Management is responsible for setting and achieving objectives for the organisation.
    The main objective of any organization should be to utilise human and material
    resources to the maximum possible advantage, i.e., to fulfill the economic objectives of
    a business.

     Survival: The basic objective of any business is survival. In order to survive, an


    organization must earn enough revenues to cover costs.
     Profit: Management has to ensure that the organization makes a profit. Profit
    provides a vital incentive for the continued successful operation of the enterprise.
     Growth: To remain in the industry, management must exploit fully the growth
    potential of the organization. There are many indicators of growth such as sales
    volume, increase in the of employee count, the number of products or the
    increase in capital investment

    Social Objectives
    As a part of society, every organisation whether it is business or non-business, has a
    social obligation to fulfill which is to consistently create economic value for various
    constituents of society. This includes:

     Environmental friendly methods of production


     Giving employment opportunities to the disadvantaged sections of society
     Providing basic amenities like schools and crèches to employees

    Personal Objectives
    Organization consists of different types of individual who joins it to satisfy their diverse
    needs. The individual may seek to satisfy needs such as:

     Competitive salaries and perks


     Peer recognition
     personal growth and development

    Management has to reconcile personal goals with organisational objectives for harmony
    in the organisation.

    Yes, each one has a different chain of command that he controls; each one holds a different amount of
    authority and enjoys a different status in his managerial position at Globus. This difference between the
    three managerial positions at Globus is due to the concept known as ‘Levels of Management’. The term
    ‘Levels of Management’ refers to a strict separation of the kinds of work performed by various
    managerial positions in an organization.

    The level of management determines a chain of command, the amount of authority and status enjoyed
    by any managerial position and there are three main levels of management in any organization such as:
    Top Level Management, Middle Level Management and Lower Level Management. Hence, to
    understand the management of any organization, it is very important to understand the difference
    between the levels of management and how they contribute to the overall working of the organization.
    Let us learn about ‘Levels of Management’ in detail.

    There is no substitute for management in modern organization. Management is much important for
    every organization.

    e.g., “An organization may have raw material, machines human resources and other factors, but these
    can’t produce satisfying products unless they are efficiently managed.”

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