The responsibilities of management

1. Responsibilities of management to owners of the business

– Attaining the maximum profit point

– Caring for and sustaining the assets

– Making sure the firm expands

– Giving timely and reliable information

– Maintaining the worth of the business.

2. Responsibilities to employees

– Paying reasonable wages

– Safeguarding against unjust discrimination

– Caring for the health and safety of employees

– Providing occasions for training and education

– Providing reimbursement for injuries on the job

– No prejudice, particularly against union members, race or sex.

3. Responsibility to customers

– Provide superior quality goods and services at fair prices

– Provide excellent after-sales services

– Undergo reasonable trading practices

– Provide reimbursement to customers for injuries on the business premises

– Distribute goods on time

– Provide information on products and services

– Safeguard against deceptive advertisements.

4. Responsibility to society

– Keep away from polluting of the environment

– Safeguard scarce resources

– Maintain local culture and custom.