BUSSINESS ENVIROMENT AND ITS OBJECTIVES IN THE GROWTH OF THE PRESENT ECONOMIC WORLD
Basavarajaiah M S
ASSISTANT PROFESSOR, RAMAIAH COLLEGE OF LAW
Objectives represent the purpose for which an organization has been started. Objectives guide and govern the actions and behaviour of businessmen. According to William F. Glueck, â€œObjectives are those ends which the organization seeks to achieve through its existence and operations.â€ Another term for objectives is goals. Logically, objectives ought to specify ends or results sought that are derived from and congruent with the mission the organization has set itself Attempts to set objectives should always be guided by references to the mission they are meant to fulfil. Business objectives are something which a business organization wants to achieve or accomplish over a specified period of time. These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc. It is generally believed that a business has a single objective. That is, to make profit. But it cannot be the only objective of business. While pursuing the objective of earning profit, business units do keep the interest of their owners in view. However, any business unit cannot ignore the interests of its employees, customers, the community, as well as the interests of society as a whole.
Keywords: Effective Management, Business Environment and its importance, Human Resources Management.
Journal Name :
EPRA International Journal of Environmental Economics, Commerce and Educational Management
Published on : 2022-04-12