Precis of 2008
Title: Purpose of organizational objectives
Organizational objectives are indirectly related to the human wants. So these human wants are determined before making the objectives. The purpose of organizations is to strive for satisfaction which can be obtained by suitable series of acts. And when satisfaction is created it is retained in the system by distributional process. It is necessary in the revolutionized industrial sector to make a hierarchy of objectives which can only be followed by various management functions. In an organization, objectives are directly linked to its efficiency and this efficiency is the sum of satisfaction. The function of management is to achieve the objectives and to maintain the coordination among different activities to get maximum profit.