Question

State any three objectives of Management.

Hint:

Always classify management objectives into three clean pillars: Organizational (Survival, Profit, Growth), Social (Society-centric), and Personal (Employee-centric). This structured presentation fetches maximum marks.

Answer 1

Step 1: Identify what the question is asking.
The question wants any three objectives that management tries to achieve.
Step 2: Recall the broad categories of management objectives.
Management objectives are generally grouped under organisational objectives, social objectives, and personal objectives, and each of these can be broken into specific points.
Step 3: Select and explain three clear objectives.
First, survival, management must ensure the organisation earns enough to cover its costs and continue operating over the long run. Second, profit, beyond mere survival, management aims to earn adequate profit to sustain and grow the business. Third, growth, management works to expand the organisation's capacity in terms of sales, workforce, and number of products or markets served.
Step 4: State the final answer.
Any three objectives from this list, survival, earning adequate profit, and growth, along with social objectives such as providing quality goods at fair prices and personal objectives such as satisfying employee needs, correctly answer the question.