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Nature and Significance of Management — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesNature and Significance of Management1 Mark
Question
Sachin Computers Ltd. is a leading company in Computer Technology and IT services. The Chief Executive Officer of the company attributes the success of the Company to its managerial team spirit, which have helped to handle rapid changes in technologies and to transform threats into opportunities. Like any other business enterprise profits are important for survival and growth of Sachin Computers Ltd. The management of the company believes that a satisfied employee creates a satisfied customer, who in turn creates profits that leads to satisfied shareholders.
Identify and explain the objective of the company discussed in the above para. Also quote the line for the identified objective.
✓

Answer

Organisational objectives: ‘Like any other business enterprise profits are important for survival and growth of Sachin Computers Ltd.'
Organisational objectives refer to the utilisation of human and material resources considering the interest of all stakeholders.

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