(i) Identify and explain the objectives of management discussed above. |
(ii) State any two values which the company wanted to communicate to the society. |
Answer:
(i) It is related with the social objective of management. It deals with the commitment of an organisation towards society. Such objectives may relate with producing eco-friendly products, providing employment to the weaker sections of the society, etc. By covering the costs and risks, the company has also achieved the organisational objectives. This objective is related with three aspects: [a] Survival Ensure the continuity of business operations. [b] Profit Earn a reasonable profit, which covers the costs and risks of the business. [c] Growth It ensures the success of business in the long-run. (ii) Firstly, by manufacturing solar lanterns, company gives due value to the needs of the rural people, as they will be able to enjoy electricity in their respective areas. Secondly, by giving employment, they will raise the standard of living of rural people.
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