Question

High Tech. Ltd. is a company producing IT services. The company’s profits are enough for the survival and growth. The management of the company believes that a satisfied employee creates a satisfied customer, who in turn creates profits that leads to satisfied shareholders. So, it pays competitive salaries and perks to all its employees. All the employees are happy working in the organization because of personal growth and development.
The company has a strong sense of social responsibility. It has set up an Engineering College in which one-third of the students are girls to whom the company gives 50% scholarship. Is the management of High Tech. Ltd. fulfilling its objectives? Justify your answer by giving reasons.

Answer 1

Yes, the management of High Tech Ltd. is fulfilling all the objectives – organisational objectives, social objectives and personal objectives.
1. Organisational objectives are the economic objectives of a business.       these are survival, profit and growth. ‘Profit of High. Tech Ltd. are enough for the survival and growth.’
2. Social objectives involve creation of benefits or economic value for the society. ‘H. Tech. Ltd. has a strong sense of responsibility. It has set up an Engineering College in which one-third of students are girls to whom the company gives 50% scholarship’.
3. Personal objectives are related to the employees.
‘The management of High Tech Ltd. satisfies the financial needs of its employees by giving them competitive salary and perks. It also satisfies their higher level needs such as personal growth and development.