In any organization there are different objectives and management has to achieve all

objectives in an effective and efficient manner.

These objectives of management can be classified into three categories:
1. Organizational objectives
2. Social objectives
3. Personal objectives
Let’s discuss these objectives one by one.

Objectives of Management: Organisational

Objectives
Management is responsible for setting and achieving objectives for the organisation.
The main objective of any organization should be to utilise human and material
resources to the maximum possible advantage, i.e., to fulfill the economic objectives of
a business.

 Survival: The basic objective of any business is survival. In order to survive, an

organization must earn enough revenues to cover costs.
 Profit: Management has to ensure that the organization makes a profit. Profit
provides a vital incentive for the continued successful operation of the enterprise.
 Growth: To remain in the industry, management must exploit fully the growth
potential of the organization. There are many indicators of growth such as sales
volume, increase in the of employee count, the number of products or the
increase in capital investment

Social Objectives
As a part of society, every organisation whether it is business or non-business, has a
social obligation to fulfill which is to consistently create economic value for various
constituents of society. This includes:

 Environmental friendly methods of production

 Giving employment opportunities to the disadvantaged sections of society
 Providing basic amenities like schools and crèches to employees

Personal Objectives
Organization consists of different types of individual who joins it to satisfy their diverse
needs. The individual may seek to satisfy needs such as:

 Competitive salaries and perks

 Peer recognition
  personal growth and development

Management has to reconcile personal goals with organisational objectives for harmony
in the organisation.

Yes, each one has a different chain of command that he controls; each one holds a different amount of
authority and enjoys a different status in his managerial position at Globus. This difference between the
three managerial positions at Globus is due to the concept known as ‘Levels of Management’. The term
‘Levels of Management’ refers to a strict separation of the kinds of work performed by various
managerial positions in an organization.

The level of management determines a chain of command, the amount of authority and status enjoyed
by any managerial position and there are three main levels of management in any organization such as:
Top Level Management, Middle Level Management and Lower Level Management. Hence, to
understand the management of any organization, it is very important to understand the difference
between the levels of management and how they contribute to the overall working of the organization.
Let us learn about ‘Levels of Management’ in detail.

There is no substitute for management in modern organization. Management is much important for
every organization.

e.g., “An organization may have raw material, machines human resources and other factors, but these
can’t produce satisfying products unless they are efficiently managed.”