The objective of Management is to maximize profits
Points to remember before you participate in this discussion:
- Assume you are one of the members of a real group discussion.
- Take the initiative to participate and contribute your thoughts.
- Contribute your positive thoughts towards providing the solution.
- Post your thoughts here.
Discussion:
24 comments Page 2 of 3.
Sanjay Sahu said:
3 years ago
In my point of view, Management has many objectives to grow the business moreover maximising the profit is on topmost agenda in order to utilise all resources effectively with technology innovation and high strategy to apply and to meet the customer satisfaction is in prime focus along with meeting employees professional goals will lead to maximizing profits.
(5)
Sushma kiran mai .p said:
1 decade ago
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.
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.
(5)
Apurv Chopra said:
1 decade ago
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.
(5)
Rohit said:
2 decades ago
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.
(5)
Marissa said:
1 decade ago
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.
(4)
Satyadev said:
1 decade ago
Management is to utilize available resources efficiently & effectively. Management is planning, organising resources, staffing people, & controlling activities apart from maximizing profits for organisation.
(4)
K.RRR said:
1 decade ago
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.
(4)
Pinki said:
2 decades ago
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.
(4)
Pretty said:
2 decades ago
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.
(3)
Anil said:
1 decade ago
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.
(2)
Post your thoughts here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers