Establishes Equilibrium-Objective of management

Question

Describe ‘Establishes Equilibrium’ objective of management.

Answer 1

This allows the organization to survive in changing environment. This keeps in touch with the changing environment. With change in external environment, the initial co-ordination of organization should be changed.
Therefore it adapts the organization to changing demand of market/changing requirements of societies. It is responsible for the growth and survival of organization.