1. Getting maximum results with minimum efforts – The main objective of management is to make the optimum use of the available resources within the given stipulated time provided to the organization or to the company. This combination must reduce the cost of the company in manufacturing or producing the product or services and gain profits as much as possible.
2. Increasing efficiency of factors of production – By reducing the amount of waste production and idle time cost we can increase the efficiency of production capacity and the overall cost of the production can be decreased.
3. Smooth coordination between employees and the employer – It is the responsibility of the management to ensure smooth coordination between the employees of the organization and different senior level management of the organization which can help in making an informal structure of organization in which each and every employee can share his viewpoints and his or her thoughts to the public.
4. Corporate social responsibility – The management of the organization has some responsibilities towards the society and its welfare like they must provide regular job or employment opportunities to the people and they should work for increasing the living standard of the public in the society in which they are operating.