The objective of Management is to maximize profits


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Siva Sai Abhilash said: (Apr 2, 2017)  
The main objective of management to manage funds & workers effectively to make quality product in less cost then automatically generate profit. So, I agree that it is a part of management.

Rate this: +11 -1


Mahi said: (Dec 17, 2016)  
As we know that profit is reward for business, but it should not earn on the cost of customer or exploitation of customers.

The management has great role in profit maximisation, if we want to increase our profit, and also satisfy our customer, we need to adopt new technology for production or business working,

In management all the person should be involved so their suggestions we receive, which help us in adopting new methods for business and lead to profit maximisation.

Rate this: +6 -0


A Srinivas Rao said: (Jul 29, 2016)  
An organization can not be sustain without profit so the objective of management is to maximize profits I agree with this statement and management knows that profit can only be earn by product quality, delivery time, cost, customer satisfaction all can be achieved by better processes, proper planning, scheduling, and control with the help of these functions quality can be achieved quality means fitness for use and management should also think about continual improvement by doing all these tasks the objective of management can be fulfilled and organization can be long run in business.

Rate this: +2 -1


Chima said: (Apr 24, 2014)  
I would say that an organisation cannot sustain itself otherwise without making profit, However, it is solely the aim of a manager to direct and control resources available to maximize profit and also increase the fiscal value of that organisation (market worth).

Rate this: +8 -2


K.Rrr said: (Mar 28, 2014)  
The main objective of management is maximise the profit, through financial manager to allocate the fund, raise the fund, using the fund, investing the fund in other institution for reaching organisation goal.

Rate this: +3 -2


Ibrahim Jauro said: (Feb 11, 2014)  
Hello profit is the back buns of every business organization, but in cooperative society profit is not the major aim of establishing such an organization, rather assisting the member of that particular society.

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Sushma Kiran Mai .P said: (Oct 25, 2013)  
Hi friends.

I completely agree with the opinion of Jyothi singh according to me management is inter linked with all aspects of management and it is also inter linked and we can also say it is directly linked up with the profits because each every organisation are inter related in the motivation of profits they run the organization for the sake society as well as profits.

I conclude that management is the mercury it can exist every where but the effectiveness and efficiency, quality management, time management and the most imp cost control should be there for the smooth running of the organization.

Rate this: +5 -1


Jyoti Singh said: (Oct 6, 2013)  
Dear friends I agree with your points which discussed above but on my point of view profit maximization has become a old concept for the management. The new concept is that wealth maximization which means maximization of profit as well as the value of company. Profit maximization is done by efficient utilization of resources and value of the company is obtain by corporate social responsibility like responsibility towards government society, environment etc.

Rate this: +11 -1


Lav Tiwari said: (Sep 16, 2013)  
Hello Friends,

I am not agreeing with the statement that the objective of management is to maximize profit. If profit maximizing is most important objective, then there is no need of management in NPO and NGO. In my opinion the objective of management is to do work properly instead of maximizing profit. If any organization starts focusing only on maximizing profit, then it is very difficult for them to sustain in business. Instead of focusing on profit, it should focus on quality management, time management and the most important cost control.

Rate this: +32 -1


Lav Tiwari said: (Sep 16, 2013)  
Hello Friends,

I am not agreeing with the statement that the objective of management is to maximize profit. If profit maximizing is most important objective, then there is no need of management in NPO and NGO. In my opinion the objective of management is to do work properly instead of maximizing profit. If any organization starts focusing only on maximizing profit, then it is very difficult for them to sustain in business. Instead of focusing on profit, it should focus on quality management, time management and the most important cost control.

Rate this: +5 -1


N.Karta said: (Apr 9, 2012)  
In my point of view all the organisation is running by limited resources, the proper utilization of the resource play a vital role in profit maximization. And for this management give broad view how to do a thing more effectively and efficiently.

Proper utilization of man, money material can reduce the cost of production which can directly increase the profit of the organisation.

Controlling from the deviation of path is also an effective tool of the management for before acing the loss.

Rate this: +6 -2


Marissa said: (Feb 11, 2012)  
Absolutely right, that is the role of management! management is there to organize, direct, staff and study the flow of both of the business and it's people in most effective way. The business will surely be successful in a way that it continually maximized it's profit by the effectiveness of the management itself.

Rate this: +3 -2


Anil said: (Jul 9, 2011)  
I think that the prime motto of management is profit. I have heard a phrase that "time is money", so to run any organization time management is the key for the overall combined efforts of all the departments. I would like to mention that one of the biggest resource for getting optimum profit is to use the waste products.

Rate this: +1 -5


Satyadev said: (Feb 18, 2011)  
Management is to utilize available resources efficiently & effectively. Management is planning, organising resources, staffing people, & controlling activities apart from maximizing profits for organisation.

Rate this: +4 -3


Praveen Kumar Pathak said: (Nov 18, 2010)  
Obviously management is a key to profit but if we see broadly it is not the same.

There are a lot of Non-profit organisations working successfully. The examples of some of them are like- PETA, CRY. Etc.

Management= Simplifying the processes + Utilizing the resources effectively. Which at last lead to profit!.

Rate this: +7 -2


Apurv Chopra said: (Nov 11, 2010)  
Management is the Key word which actually creates the difference between the ordinary and extra ordinary, its a link to terms like time management, optimal utilization of the resources, achieving the desired targets, forming an organised format and thus ensuring Profits.

Rate this: +5 -0


Raja said: (Aug 12, 2010)  
Hi to all.. According to me management is always concentrating in profits. Whatever the business it may be their primary aim is to gain profit. The thought of service is vanished now a days. Even the service industry is looking for profits. Because we can not run a organization without profit.

Rate this: +7 -5


Pinki said: (Aug 6, 2010)  
Management is both a science and an art of maximising profits and managing time. It is an art as it is not subject to constraints in the way that it can done in any manner; and a science in the manner that the basic principles underlying the management remain the same like the profits can be improved by increasing the sales. Though money making can be the prime motto; it can be possible only with Human resource management, time management and marketing skills.

Rate this: +4 -4


Rohit said: (Jul 9, 2010)  
Management is directly related to profit because i think management means to utilize our available resource effectively and efficiently. If anyone use its resource in a good way the he/she automatically gain profit.

Rate this: +3 -2


Vibhor said: (Jul 5, 2010)  
In some sense management is directly related to increase the profits.As good manager is the one who can manage every problem with easiness with best possible resources available that will ultimately help the organisation in building more profits.
So management and profits are related.

Rate this: +0 -2


Pretty said: (Jun 27, 2010)  
Management and profits are related if buisness is properly manged then only it can leads to profits. Basic objective of management is to utilize the available resources in a most effficent way so as to earn higher profits.

Rate this: +3 -1


The objective of Management is to maximize profits

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