Optimum Utilization of Resources-Management

Question

Describe ‘Optimum Utilization of Resources’ objective of management.

Answer 1

Management employs all the physical and human resources productively. This leads to effectiveness in management. Management gives maximum use of scarce resources by choosing its best possible alternate use in industry from out of different uses. This makes use of experts, professional and these services lead to use of their skills, knowledge and correct utilization and avoids wastage. When employees and machines are producing its maximum there is no under employment of any resources.