Question

“Management helps in achieving personal objectives along with organisational objectives.” This statement highlights which objective of management? ____.

• A. Social objective
• B. Personal objective
• C. Organisational objective
• D. Financial objective

Hint:

A simple way to remember: - Organisational: Survival, Profit, Growth. - Social: Benefit to society (employment, environment). - Personal: Benefit to employees (salary, respect, training).

Answer 1

The Correct Option is B

Step 1: Understanding the Concept:
Management has a hierarchy of objectives: Organizational, Social, and Personal.
Step 2: Detailed Explanation:
1. Organizational Objectives: Survival, Profit, and Growth.
2. Social Objectives: Welfare of society and environment.
3. Personal Objectives: These relate to the employees. An organization consists of people with different needs (Salary, Recognition, Growth).
Effective management integrates the personal goals of employees with the overall goals of the organization. By doing so, it ensures that while the company succeeds, the individuals also grow.
Step 3: Final Answer:
The focus on the needs of individuals in the organization points to Personal objectives.