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What is the most correct expert level meaning of service motive in management?

Answer and explanation

Correct answer: Earning profit ethically while considering the interests of stakeholders and society

In management, service motive does not mean completely giving up profit. It means achieving organisational objectives ethically while considering the interests of customers, employees, investors and society. Therefore, option D is correct. Option B focuses only on profit and permits unethical means, which is contrary to service motive. Exam tip: Understand service motive as profit with social responsibility, not as opposition to profit.

Related tags

ManagementManagement ProfessionService MotiveBusiness EthicsStakeholder InterestSocial ResponsibilityManagement As A ProfessionNature And Significance Of Management

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