Practicing Success
Which type of management objective takes care of the interests of all the stakeholders in a fair and just manner? |
Organizational objective Social objective Individual objective All of these |
Organizational objective |
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. |