"To remain in the Industry, managament must exploit fully the growth potential of the organisation" reflects one of objectives of Management. Identify the objective of Management.

Organisational objective

The correct answer is Option (1) → Organisational objective

The statement "To remain in the Industry, management must exploit fully the growth potential of the organization" reflects the objective of management to achieve organizational 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.