Read the following passage and answer the question.

ABC Ltd set up a factory in a remote village U.P. to manufacture solar lights because there was no good source of electricity. It priced its solar light at ₹100 per piece. After setting up the factory, they noticed that demand was increasing day by day so they decided to increase production so that high sales could be generated. To increase sales, a Production manager named Ayush carries out the plans as framed by his superior. The company also decide to employ people from the nearby villages as there were very few job opportunities in those areas. It also opened schools for the children of its employees. At the last of the financial year, they found that their products did not reach the market on time and due to which sales reduced and its per product cost is ₹95.

'The company also decided to employ people from the nearby villages as there were very few job opportunities in those areas. It also opened schools for the children of its employees.'

Which objective is highlighted in this statement?

Social objectives

The correct answer is option 3- Social objectives.

The objective highlighted in this statement is Social objectives. The company's decision to employ people from nearby villages and open schools for the children of its employees demonstrates a commitment to improving the social and economic conditions of the local community. Social objectives focus on contributing positively to society and addressing broader social issues, such as employment opportunities and education. This initiative shows the company's dedication to social responsibility and community development.

Social objectives involves the creation of benefit for society. As a part of society, every organisation whether it is business or non-business, has a social obligation to fulfill. This refers to consistently creating economic value for various constituents of society. This includes using environmental friendly methods of production, giving employment opportunities to the underpreviledged sections of society and providing basic amenities like schools and healthcare, etc., for community. 

OTHER OPTIONS

• Personnel objectives: Organisations are made up of people who have different personalities, backgrounds, experiences and objectives. They all become part of the organisation to satisfy their diverse needs. These vary from financial needs such as competitive salaries and perks, social needs such as peer recognition and higher level needs such as personal growth and development. Management has to reconcile personal goals with organisational objectives for harmony in the organisation.

• Organisational objectives - Management is responsible for setting and achieving objectives for the organisation. It has to achieve a variety of objectives in all areas considering the interest of all stakeholders including, shareholders, employees, customers and the government. The main objective of any organisation should be to utilise human and material resources to the maximum possible advantage, i.e., to fulfill the economic objectives of a business. These are survival, profit and growth.