It means organisation established to achieve some common interest of the people which can not be achieved alone.

The Principle of Objective: Existence for a Purpose

The principle of objective states that an organization must exist for a purpose. This principle emphasizes that every organization, whether it is a business, non-profit, or government entity, should have a clear and specific purpose or objective that it aims to achieve. Without a purpose, an organization would lack direction and would struggle to function effectively.

The principle of objective is a fundamental principle of organizational theory and management. It is the basis for the establishment and operation of any organization. It provides a sense of direction and focus, guiding the actions and decisions of the organization.

Importance of Having a Purpose
Having a clear purpose is essential for several reasons:

1. Direction and Focus: A purpose provides a clear direction and focus for the organization. It helps in setting goals and objectives, making decisions, and allocating resources effectively. With a purpose, the organization knows what it wants to achieve and can align its efforts towards that goal.

2. Motivation and Engagement: Having a purpose gives meaning and significance to the work of the organization. It motivates employees and stakeholders, creating a sense of belonging and engagement. When individuals understand the purpose of their work, they are more likely to be motivated and committed to achieving the organization's objectives.

3. Stakeholder Alignment: A clear purpose helps in aligning the interests and expectations of various stakeholders, such as employees, customers, shareholders, and the community. When stakeholders understand and support the purpose of the organization, they are more likely to collaborate and contribute towards its success.

4. Adaptability and Resilience: A purpose provides a framework for decision-making and strategic planning. It helps in evaluating opportunities and challenges, and in adapting to changing circumstances. When an organization has a clear purpose, it can make informed choices and respond effectively to external changes.

Conclusion
The principle of objective, which emphasizes the existence for a purpose, is a fundamental principle of organizational theory. It highlights the importance of having a clear and specific purpose for an organization. A purpose provides direction, motivates employees, aligns stakeholders, and enables adaptability. Therefore, organizations should define and communicate their purpose effectively to ensure their success and effectiveness.