CBSE 2025, Set 1

Question

'Objectives of Management can be classified into organisational, social and personal objectives.' Explain these objectives.

Edvaya · Accepted Answer

The correct answer is Subjective. The objectives of management are broadly classified into three categories: **1. Organisational Objectives:** Management is responsible for setting and achieving objectives for the organization by considering the interests of all stakeholders. These can be categorized into: * **Survival:** Earning enough revenues to cover costs and stay in the market. * **Profit:** Earning adequate profit to cover the costs and risks of the business. * **Growth:** Improving the future prospects of the business, measured in terms of sales volume, number of employees, or capital investment. **2. Social Objectives:** This involves the creation of benefit for society. As a part of society, every organization has a social obligation to fulfill. This includes using environmental-friendly methods of production, giving employment opportunities to the disadvantaged sections of society, and providing basic amenities like schools and creches to employees. **3. Personal (Individual) Objectives:** Organizations are made up of people who have different personalities, backgrounds, and objectives. Management must reconcile personal goals with organizational objectives to maintain harmony. This includes fulfilling competitive salaries, peer recognition, and avenues for personal growth and development.

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Business Studies > Principles And Functions Of Management > Nature And Significance Of Management

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