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Question : 19
Total: 27
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 areas. The revenue earned by the company was sufficient to cover the costs and the risks. The demand of lanterns was increasing day by day, so the company decided to increased production to generate higher sales. For this they decided to employ people from the nearby villages 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) Sate any two values which the company wanted to communicate to the society.
(i) Identify and explain the objectives of management discussed above.
(ii) Sate any two values which the company wanted to communicate to the society.
Solution:
(i) Social objectives have been discussed in the given situation. Since every organisation is a part of the society, it uses the resources provided by the society for its various operations. Thus, it becomes the duty of the organisation to take due care of the interests of the society at large. The social objectives of an organisation basically involves the creation of benefit and development of the society. The following are some of the social objectives of management that are being indicated in the given situation.
(a) Producing environment friendly products such as solar lanterns.
(b) Setting-up a factory of solar lanterns in order to provide electricity in rural areas.
(c) Providing employment opportunities to the needy.
(d) Developing school and creches for children in rural areas.
(a) Producing environment friendly products such as solar lanterns.
(b) Setting-up a factory of solar lanterns in order to provide electricity in rural areas.
(c) Providing employment opportunities to the needy.
(d) Developing school and creches for children in rural areas.
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