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.
XYZ Corporation's management team focuses on creating a positive work environment and ensuring employee well-being. This reflects which objective of management?
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 is concerned with the well-being and satisfaction of employees, as well as the impact of the organization's operations on the broader society. It involves promoting a positive workplace culture, addressing social responsibilities, and enhancing the quality of life for employees and the community. This objective recognizes that the success of the organization is not solely measured in economic terms but also in its ability to contribute positively to society and the people it serves.
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