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What does creating a balance among different interests in management mean?

Answer and explanation

Correct answer: Giving due importance to organisational, employees’ personal, and social interests

Management must consider organisational objectives along with the personal objectives of employees and the interests of society. Coordinating these interests while carrying out managerial work is the meaning of creating balance. Giving priority only to profit, as stated in option B, represents a one-sided approach. Exam tip: Remember the coordination of organisational, personal and social objectives whenever you see the phrase “balancing of interests.”

Related tags

Management ConceptBalancing InterestsManagement ObjectivesStakeholdersBusiness StudiesObjectives Of ManagementNature And Significance Of ManagementClass 12 Mcq

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