What is the primary focus of management?
A. Marketing products
B. Profit maximization
C. Efficient resource utilization
D. Employee welfare
Answer (2)
The primary focus of management is efficient resource utilization . This involves planning, organizing, leading, and controlling an organization's resources, which include human resources, financial resources, technological resources, and natural resources, to achieve specific goals effectively and efficiently.
Planning: Managers develop strategies and set objectives to ensure the organization's goals are achievable within the available resources.
Organizing: This involves arranging resources and tasks to implement plans. Managers allocate resources and determine the most efficient ways to utilize them to meet organizational objectives.
Leading: Managers need to guide and motivate employees. This ensures that resources, especially human resources, are used efficiently by fostering an environment that supports high productivity and morale.
Controlling: Monitoring and evaluating the progress towards goals ensures that resources are being used effectively. Adjustments might be needed to ensure the organization remains on track to meet its objectives.
Efficient resource utilization ensures that the organization can maximize outputs while minimizing costs, contributing to the overall long-term success and sustainability.
Therefore, the correct choice from the options provided is (C) Efficient resource utilization.
The primary focus of management is efficient resource utilization, which involves planning, organizing, leading, and controlling resources to meet organizational goals. This ensures that resources are used effectively, maximizing outputs while minimizing costs. Therefore, the correct choice is (C) Efficient resource utilization.
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