The main objectives of management are:
- Getting Maximum Results with Minimum Efforts - 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. This combination results
in reduction of various costs.
- Increasing the Efficiency of factors of Production -
Through proper utilization of various factors of production, their
efficiency can be increased to a great extent which can be obtained by
reducing spoilage, wastages and breakage of all kinds, this in turn
leads to saving of time, effort and money which is essential for the
growth & prosperity of the enterprise.
- Maximum Prosperity for Employer & Employees -
Management ensures smooth and coordinated functioning of the
enterprise. This in turn helps in providing maximum benefits to the
employee in the shape of good working condition, suitable wage system,
incentive plans on the one hand and higher profits to the employer on
the other hand.
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Human betterment & Social Justice - Management
serves as a tool for the upliftment as well as betterment of the
society. Through increased productivity & employment, management
ensures better standards of living for the society. It provides justice
through its uniform policies.
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