The objective of Management is to maximize profits
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Points to remember before you participate in this disuccsion:
- Assume, you one of the member of a real group discussion.
- Take the initiative to participate and contribute your thoughts.
- Express your positive attitude towards providing the solution.
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N.Karta said:
(Mon, Apr 9, 2012 11:26:48 PM)
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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. |
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Rate this: +3   -0
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Marissa said:
(Sat, Feb 11, 2012 02:44:43 PM)
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| 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. |
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Rate this: +3 -0
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Anil said:
(Sat, Jul 9, 2011 01:22:19 PM)
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| 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. |
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Satyadev said:
(Fri, Feb 18, 2011 12:54:51 AM)
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| Management is to utilize available resources efficiently & effectively. Management is planning, organising resources, staffing people, & controlling activities apart from maximizing profits for organisation. |
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Praveen Kumar Pathak said:
(Thu, Nov 18, 2010 03:20:54 PM)
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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!. |
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Apurv Chopra said:
(Thu, Nov 11, 2010 02:21:47 PM)
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| 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. |
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Raja said:
(Thu, Aug 12, 2010 06:24:53 PM)
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| 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. |
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Rate this: +6 -2
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Pinki said:
(Fri, Aug 6, 2010 12:57:14 AM)
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| 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. |
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Rohit said:
(Fri, Jul 9, 2010 11:46:46 AM)
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| 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. |
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Vibhor said:
(Mon, Jul 5, 2010 01:58:16 AM)
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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. |
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Pretty said:
(Sun, Jun 27, 2010 02:09:26 PM)
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| 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. |
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Rate this: +3 -1
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