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Question: State the organisational objective of a management ?
Answer: It refers to the objectives for the whole organisation. While fixing these objectives, management keeps into consideration the benefit of all the related parties (like owner, employee, customer, government, etc.). This also fulfils organisational economic objectives which are survival, profit and growth. (i) Survival:Every business wants to survive for long. So, management by taking positive decisions with regard to different business activities should ensure that business survives for long. (ii) Profit:Profit plays an important role in facing business hazards and successful running of business activities. So, it must be ensured by the management that adequate profit is earned by the business. (iii) Growth:Every business wants to grow. Management must ensure growth of business. Growth can be measured by sales, number of employees, products, capital investment, etc. If all these show an increasing trend then it can be concluded that business is heading towards growth.
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Business Management Interview Questions & Answers -
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Question:
State the organisational objective of a management ?
Answer:
It refers to the objectives for the whole organisation. While fixing these objectives, management keeps into consideration the benefit of all the related parties (like owner, employee, customer, government, etc.). This also fulfils organisational economic objectives which are survival, profit and growth. (i) Survival:Every business wants to survive for long. So, management by taking positive decisions with regard to different business activities should ensure that business survives for long. (ii) Profit:Profit plays an important role in facing business hazards and successful running of business activities. So, it must be ensured by the management that adequate profit is earned by the business. (iii) Growth:Every business wants to grow. Management must ensure growth of business. Growth can be measured by sales, number of employees, products, capital investment, etc. If all these show an increasing trend then it can be concluded that business is heading towards growth. Source: CoolInterview.com
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