Management is a complex process that involves setting objectives, planning, organizing, leading and controlling resources to achieve the desired goals. The three main objectives of management are survival, profit and growth. Survival is the basic objective of any company and an organization must earn sufficient income to recover costs. Profit is the main goal of any business and it is important to ensure that the company is ahead of its competitors.
Growth can be measured by sales, number of employees, products, capital investment, etc. Management must ensure proper planning and implementation of those plans. They are also responsible for organizing the business and guiding the company to success. Management teams manage regulations, procedures and parameters for the production and distribution of products and services.
A primary objective of management includes maintaining the quality standards necessary for the organization. After you set the goal, determine a timeline and metric that you can use to measure and track changes and the progress of your goal. One of the main objectives of managers includes the use of planning and predictions to reduce opportunities for risks and losses. Therefore, one of the management's goals is to ensure that quality products and services are delivered continuously to earn customer trust and build a strong reputation. Managers can achieve maximum-benefit objectives by identifying unnecessary expenses and waste and creating new procedures for more efficient operations. Organizational objective of the administration related to the optimal use of resources to achieve this ultimate goal.
Not only this, but the objectives related to a company's contribution to social development and the expectations of each employee of the company are also determined. In setting these goals, management considers the benefit of all related parties (such as owner, employee, customer, government, etc.) Management objectives aim to create achievable goals and purposes for managers to implement and strive to achieve. Positive image of the company: This is an important objective of the management that seeks to develop a positive corporate image that helps to gain loyalty and goodwill in the market and society. Well, those were the ideal objectives of management working to achieve the best performance of their organization.