Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Organisations are made up of people who have different personalities, backgrounds, experiences and objectives. They all become part of the organization 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 organizational objectives for harmony in the organisation.

What is the role of management in organizations?
Options:
To solely focus on personal goals
To ignore individual needs
To reconcile personal goals with organizational objectives
To enforce organizational objectives strictly
Correct Answer:
To reconcile personal goals with organizational objectives
Explanation:
Organizations consist of individuals with varying personalities, backgrounds, experiences, and goals. They join the organization to fulfill a spectrum of needs, encompassing financial desires like competitive salaries and perks, social aspirations such as peer recognition, and more profound objectives like personal growth and development. Achieving harmony within the organization requires management to carefully align personal goals with the overarching objectives of the organization.