What are the objectives of management?

The objectives of management are the most important for the business.  Management plays the main role in all of the business.
There are a lot of objectives in management. Here are some important:-

•  Future planning 
•  Growth of business
•  Proper use of resources
•  The superior quality of good
•  Demand and supply of goods
•  Discipline
•  Improvement in performance
•  Compensation plan
•  Minimise the risk 

So the explanation of objectives are like:-


(i) Future planning 

Management is a single department who make the plan for the organisation. Future planning is the major objectives of management. Future performance depends on present planning. It's helpful to reduce time-consuming and make a plan for further.

(i) The growth of the business

Management's main objective is to full fill the growth of the business. After making the best plan for the future it will definitely increase the growth of the business. It provides security to the employees and employers. Planning, organising, and directing leads to the growth of the business.

(iii) Proper use of resources

The proper use of men, material, machines, and money help to increase the profit and development of the business. This is the most important objective of management to use various resources.

(iv) The superior quality of goods

The purpose of the management is to produce the best quality products at minimum cost. It helps to increase production and reduce the risks in business.

(v) Demand and supply of goods

The demand and supply of goods are increase and decrease time to time but the management provides good products to the customers.
It checks the demand in the market.

(vi) Discipline 

The most important objectives and aim of the management are to be disciplined. Discipline in the organisation's employees and employers are the first step to growing the business. Management motivates the employees by giving incentives.  And creating a better work culture in the organisation.

(vii) Improvement in performance

Management improves the performance of employees by giving them performance appraisal and feedback.
It helps to improve each and every factor of production and motivate the workers to give their best performance.

(viii)  Compensation planning

Compensation planning is the main objective of management. It helps to motivate the employees so that they will perform very well in future. Compensate the employees on the basis of their performance.

(ix)  Minimise the risk

After achieving all of the objectives, it shows the minimisation of the risk in the business. By proper future planning, give the best quality products, good compensation and discipline are the factors which show the minimum risk handled by the management.

These are the objectives of management that are really really important in any business.



Happy reading :)