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Q.Explain the objectives of management in brief.

Uttarakhand UbseUttarakhand Board Intermediate (Commerce) 2024Subjective· 3mImportance★★★★★
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Management has three broad sets of objectives: organisational, social, and personal.

Organisational objectives relate to the survival, profit, and growth of the business itself — a business must earn enough to cover costs and risks (survival), generate profit to continue and expand (profit), and grow its sales, workforce, or number of units over time (growth). Social objectives relate to the benefits management must generate for society — for example, producing quality goods and services at reasonable prices, generating employment opportunities, contributing to the economic and ecological well-being of the community, and avoiding harmful practices. Personal or individual objectives relate to the varied needs of employees who work for the organisation — financial needs (fair …

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