Solution of Last day’s Homework:

Case Study 1:
1. Meena is efficient because she meets deadlines, but not effective because the
designs are not good enough.
2. Meena can balance both by finishing the work on time and also focusing on
making the designs better.
Case Study 2:
1. Arjun focuses on efficiency because he makes sure the stock is always available,
but he doesn’t think about what the customers actually want.
2. Arjun can improve by listening to customers and learning what they like, so he
can keep the right products in stock.
Case Study 3:
1. Simran is efficient because she meets sales targets, but not effective because
she ignores her team's complaints.
2. Simran should listen to her team and help them with the pressure while still
meeting the targets.
Case Study 4:
1. Rahul is efficient because he makes sure orders are delivered on time, but not
effective because he forgets to check if the right items are sent.
2. Rahul can ensure both by checking the items before delivery to make sure
everything is correct.
Case Study 5:
1. Anita is efficient because she follows a plan to avoid wasting food, but not
effective because the food doesn’t meet the client’s expectations.
2. Anita can improve by listening to client feedback and making the food taste and
look better.
Case Study 6:
1. Vikram focuses on efficiency because he finishes the work quickly, but not
effective because the quality is poor.
2. Vikram should check the quality of the work while working quickly to make sure
both speed and quality are good.
Case Study 7:
1. Pooja is efficient because she holds sales events, but not effective because she
doesn’t make enough money.
2. Pooja can improve by fixing her pricing so that she makes more profit during the
sales.
Case Study 8:
1. Ramesh is efficient because he keeps everything on schedule, but not effective
because there are no creative activities.
2. Ramesh can add some time for creative activities without missing important
tasks, so students can enjoy both.
Case Study 9:
1. Priya is efficient because she helps patients check in quickly, but not effective
because she sometimes forgets the paperwork.
 2. Priya should make sure to do both: check in patients quickly and also complete
all paperwork correctly.

Class Note 3: Objectives of Management

Objectives of Management
Management has three main objectives: organizational, personal, and social, which help
in ensuring business success, employee well-being, and societal development.
1. Organizational Objectives
These focus on the success and sustainability of the organization.
• Survival: Ensuring the organization earns enough revenue to sustain operations.
Example: A small retail shop offering discounts to attract customers and remain
operational.
• Profit: Generating profits to reward stakeholders and reinvest in the business.
Example: A bakery introducing new recipes to increase sales and profits.
• Growth: Expanding operations, market share, or customer base.
Example: An IT company entering new international markets for growth.

You can remember:

"SPAR"
• S for Survival
• P for Profit
• A for Achievement (growth)
• R for Results (outcomes of growth and profit

2. Personal Objectives
These address the needs and aspirations of employees.
• Fair Compensation: Providing competitive salaries and job security.
Example: A company offering annual performance bonuses to employees.
• Career Growth: Offering promotions, training, and development opportunities.
Example: Conducting workshops to improve employees' skills and knowledge.
• Workplace Well-Being: Ensuring a healthy and motivating work environment.
Example: Providing flexible working hours and wellness programs.
3. Social Objectives
These aim to benefit society and ensure ethical business practices.
• Product Quality: Offering safe and reliable products and services.
Example: A food brand adhering to strict quality and hygiene standards.
• Environmental Protection: Using sustainable resources and reducing waste.
Example: A company using solar energy to power its operations.
• Community Development: Supporting societal causes like education or
healthcare.
Example: Sponsoring free education programs for underprivileged children.
Conclusion:
Management balances these objectives to achieve long-term success, employee
satisfaction, and a positive societal impact.
Class work:
For the following situations, find out whether Is this objective personal, social, or
organizational?
Situation 1: A company sets a target to increase its sales by 10% in the next quarter
to achieve higher revenue and market share.
Situation 2: A management team implements a policy to ensure fair wages and good
working conditions for all employees across departments.
Situation 3: The company’s management aims to minimize production costs while
maintaining product quality, to increase profit margins.
Situation 4: A corporation sets an objective to promote diversity and inclusion within
its workforce, ensuring equal opportunities for all employees.
Situation 5: A business sets an objective to expand its operations globally,
establishing new markets and increasing its customer base.
Situation 6: The management of a public sector company sets a goal to improve
services to the public, ensuring they meet social and economic needs effectively.

Answer:
1. Organizational
2. Social
3. Organizational
4. Social
5. Organizational
6. Social

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Home work:
1. Raj, the CEO of a growing manufacturing company, has been working hard to ensure
the business thrives. He focuses on increasing sales and introducing new product
lines to generate more revenue and expand the company’s market presence. At the
same time, Raj ensures his employees have access to regular training programs and
career development opportunities. He also makes sure they receive competitive
salaries and enjoy a healthy work-life balance. The company takes pride in using eco-
friendly materials in its products and supports local communities by funding education
for children in need.
Identify the different objectives of management mentioned in the paragraph.
2. Can a company achieve growth without focusing on its social objectives? Why or why
not?