Question : Case Study: XYZ Corporation
XYZ Corporation is a manufacturing company known for producing high-quality electronic devices. It is divided into three levels of management: top management, middle-level management, and lower-level management. The company's main objective is to expand its market reach and maintain a strong reputation for innovation and customer satisfaction.
Which objective of management focuses on fulfilling social responsibilities in XYZ Corporation?
Option 1: Economic objective
Option 2: Social objective
Option 3: Organizational objective
Option 4: Personal objective
Correct Answer:
Social objective
Solution : The correct answer is (b) Social objective
The social objective of management involves addressing and fulfilling the social responsibilities and ethical considerations of the organization, such as contributing to the community, practicing corporate social responsibility, and being environmentally conscious. While the economic and organizational objectives are important, the social objective emphasizes the company's commitment to being a responsible and ethical corporate citizen. Personal objectives are typically related to individual employees rather than the organization as a whole.
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