The document discusses the importance and guidelines for setting objectives in organizations. It notes that objectives justify the organization, provide direction, help with strategic planning, and allow for assessment and control. Ideal objectives should involve participation, be clear, realistic, flexible, consistent, ranked, verifiable, and balanced. Objectives are influenced by environmental forces, internal forces, and executive values. Objectives can be economic relating to survival, return, growth, innovation, or market share, or social relating to consumer, worker, or societal interests. Methods for evaluating social objectives include various types of social audits.
The document discusses the importance and guidelines for setting objectives in organizations. It notes that objectives justify the organization, provide direction, help with strategic planning, and allow for assessment and control. Ideal objectives should involve participation, be clear, realistic, flexible, consistent, ranked, verifiable, and balanced. Objectives are influenced by environmental forces, internal forces, and executive values. Objectives can be economic relating to survival, return, growth, innovation, or market share, or social relating to consumer, worker, or societal interests. Methods for evaluating social objectives include various types of social audits.
The document discusses the importance and guidelines for setting objectives in organizations. It notes that objectives justify the organization, provide direction, help with strategic planning, and allow for assessment and control. Ideal objectives should involve participation, be clear, realistic, flexible, consistent, ranked, verifiable, and balanced. Objectives are influenced by environmental forces, internal forces, and executive values. Objectives can be economic relating to survival, return, growth, innovation, or market share, or social relating to consumer, worker, or societal interests. Methods for evaluating social objectives include various types of social audits.
SOCIAL RESPONSIBILITIES Importance of objectives Justify the organization Provide direction Basis for MBO Help Strategic Planning/Management Help co-ordination Provide Standards for Assessment and Control. Help Decentralisation Guidelines for ideal objectives Participation Clarity Realism Flexibility Consistency Ranking Verifiability Balance Factors Affecting Objectives Forces in the environment Internal forces The value systems of the top executives. Classification of the Objectives Economic: 1) Survival 2) Return on investment 3) Growth 4) Innovation 5) Drucker 6) Market share Social 1) Objectives which protect consumer interests. 2) Objectives which protect the interest of the workers. 3) Objectives which protect the interests of the society. Methods of Social Audit Social process audit Financial statement format audit Macro-Micro social indicator audit Constituency group audit Partial social audit Comprehensive audit Corporate rating approach