Question

‘Panmol Dairy’ started using environment-friendly ‘Bilona’ method of making ghee, unlike other dairies which were using modern methods involving machines and chemicals. By doing this, ‘Panmol Dairy’ is providing employment to hundreds of illiterate people in the rural areas. Which objective of management is ‘Panmol Dairy’ trying to achieve:

• A. National objective
• B. Personal objective
• C. Social objective
• D. Economic objective

Hint:

Social objectives reflect a firm’s duty to the society — through sustainability, community welfare, and ethical operations.

Answer 1

The Correct Option is C

The Social Objective of Management focuses on societal benefit. This entails:

• Creating jobs, particularly in less developed or rural regions.
• Implementing sustainable production techniques.
• Upholding ethical conduct for broader societal gain.

For ‘Panmol Dairy’, two significant initiatives are:

1. Adopting the traditional, eco-friendly Bilona process: This promotes sustainable output and environmental stewardship.
2. Employing rural individuals with limited literacy: This directly advances social welfare and alleviates poverty/unemployment.

Consequently, these actions transcend the company's internal aims (economic or personal) and contribute to overall societal wellbeing, validating Social Objective as the appropriate classification.
Final Answer: (C) Social objective