The objective of Management is to maximize profits

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.

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.

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.

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.

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.

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).

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!.

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.

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.

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.