XYZ Power Ltd. set up a factory for manufacturing solar lanterns in a remote village as there was no reliable supply of electricity in rural area. The revenue earned by the company was sufficient day by day, so the company decided to increase production to generate higher sales. For this they decided to employ people from the nearby villlages as very few job opportunities were available in that area. The company also decided to open schools and creches for the children of its employees.
(i) Identify and explain the objectives of management discussed above
(ii) State any two values which the company wanted to communicate to the society.

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Solution

(i) The objectives of the management discussed above are:
A. Organisational objectives of management:

1. Survival and growth of the organisation.

2. Profit Maximization
B. Social objectives of management:

1. Supply of quality products at a reasonable rate.

2. Contribution towards desirable civic activities.

(ii) Any two values which the company wanted to communicate to the society are:
1. Importance of education by opening schools.
2. Importance of eradicating poverty by employing people from village.

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