The following is not an objective of management:a)Earning Profitsb)Pol...
Policy making is not an objective of management. It is in fact a process that involves the setting up of goals and objectives for the organisation and the determining the ways to achieve the desired goals. That is, it can be said that policy making is the path through which the objectives of a management i.e. organisational objectives (such as earning profits and growth of the organisation), social objectives (such as providing employment) and personal objectives can be achieved.
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The following is not an objective of management:a)Earning Profitsb)Pol...
Explanation:
Management is the process of planning, organizing, directing, and controlling resources (people, finances, materials) to achieve organizational goals. The main objective of management is to achieve the goals and objectives of the organization.
The options given in the question are all important objectives of management, except for providing employment. Let's understand why:
Earning Profits:
- Profit is the lifeblood of any business organization. Without it, the organization cannot survive.
- The primary objective of any business is to make a profit.
- Profit is the reward for taking risks and investing resources in a business.
Policy making:
- Policies are the guidelines or rules that an organization sets for itself to achieve its goals.
- Policies help in streamlining the decision-making process and ensure consistency in operations.
- The objective of policy-making is to ensure that the organization operates in a systematic and efficient manner.
Growth of the organization:
- Growth is necessary for the survival and success of an organization.
- Growth can be achieved through expanding operations, increasing market share, diversifying products/services, etc.
- The objective of growth is to ensure long-term sustainability and profitability of the organization.
Providing employment:
- While providing employment is an important social responsibility of businesses, it is not a primary objective of management.
- The objective of management is to achieve organizational goals, not to provide employment to individuals.
- Providing employment may be a by-product of achieving organizational goals, but it is not the main objective.
In conclusion, the correct answer to the question is 'D' - Providing employment. While providing employment is an important social responsibility of businesses, it is not a primary objective of management. The main objectives of management are earning profits, policy making, and growth of the organization.
The following is not an objective of management:a)Earning Profitsb)Pol...
In my opinion answer is B...Because providing employment is social objective of management..