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I agree to the fact that the objective of management is to maximize profit but it must be done by respecting moral and ethical values as well.
We cannot just think of maximizing profits and disregard important factors as human issues, environmental issues and social impacts.
The main objective of management is to secure maximum outputs with minimum efforts & resources. Management is basically concerned with thinking & utilizing human, material & financial resources in such a manner that would result in best combination. Management ensures smooth and coordinated functioning of the enterprise.
The objective of management is to effectively and effeceintly achieve the company's goals. If profit maximization is one of those goals, then it is the abjective of management to do that.
Hi, Ofcourse I agreed.
When all things managed nicely by the management so profitiblity definitely increase automatically. Management is really very important for any organization or for every human being for his self development/improvement.
Yes thats true ,but management is first responsible to optimise the resources business possess this will help in achieving higher profits as costs will be reduced due to performance excellence and avoiding wasteage and inefficiencies.
yess !objective of management maximize the profit retio of the product and market value of company product.
No I do not.
The objective of management (specially top management) is to generate sustained shareholder value and not just profits which can be generated with a short term objective and based on many accounting techiques
Every business or management has its own objective, the first and foremost one is to maximize profit. The entire business runs on nothing but its profit there is no different opinion rather than to maximize profit.
Profit maximization is not an easy task, the objective of each and every staff related to business should have same objective and that is to maximize profit .The main objectives of management in a business firm are customer satisfaction, employee welfare, social responsibilities and to maximize profits.
The management must ensure the employees are satisfied. No company can run its business successfully with its unhappy employee. Employees plays a major role in any business firm growing the business and increasing firms profits.
No, to maximize reputation, and then everything will come.
It Depends according to the company's goals. If profit maximization is one of those goals, then it is the abjective of management to do that. some companies or organizations may gave importance to human issues, environmental issues and social impacts in such companies profit margins will not be considered by the management.
The Objective of management is "Effective utilisation of resources to achieve the organisational objectives".
The organisational objectives may not necessarily be maximisation of profits.
Other organisation objectives may be :
- Charity & Humantarian Services.
- R&D.
- Growth in terms of Market Dominance.
- Growth in terms of Production & Revenue.
Every professional entrepreneurs have an individual or collective management objective to maximise profits.
It is called profit for a short period until the same profit is reinvested or redployed for the growth or expansion to further spread it's base for good causes and for making more job opportunities directly or indirectly.
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