Any professional has to abide by the rules and regulations developed by the apex authority which regulates the functions of that profession. 2. Coordination is the base or primary function of every manager because various departments of an organisation are working independently and there is need to relate and integrate their activities. Watch Coordination - The Essence of Management Videos tutorials for CBSE Class 12-commerce Business Studies Part I. 1. Coordination encourages team spirit, gives right direction, motivates employees, and makes proper utilisation of resources. Despite this, management fulfils this criterion of science to some extent as the scholars have been able to identify certain theories and principle that act as guidelines in management. Continuous Process– Management is a continuous process. i. Systemised Knowledge: Management is based on a systemised and well-defined body of knowledge comprising of principles and theories. Coordination — The Essence of Management • A manager has to perform five interrelated functions in the process of managing an organisation which is a system made up of different interlinked and interdependent subsystems. That is, all organisations whether large or small, working whether for economic, social or political interest and in any region need management. That is, it can be said that policy making is the path through which the objectives of a management i.e. • Yes, coordination is the essence of management. For example, the sales department may want greater monetary incentives for its employees but the finance department may not approve of such incentives as it may lead to increase in the cost of the organisation. Example: Google mangers coordinate through these function to achieve the organisation. It binds the people of the organisation and their activities to ensure a smooth functioning … That is, the different departments must cooperate with each other and work in a coordinated manner. The operational management as per the instructions of the middle management directly oversees the actual work process. That is, if the company focuses on effectiveness, it may have to compromise on efficiency and vice-versa. Various theories and principles have been developed in management. They are the ones, responsible for developing the policies and goals for the organization. Coordination is seldom deemed a separate role of management. But, it is not requisite for managers to be a part of them. It involves measuring the actual work against the set standards and the policies. In addition, similar to other disciplines of science, management also has its own vocabulary. It is well said idiom that ‘well planned is half done’. Download NCERT solutions for Nature & Significance of Management as PDF. It is also required for the survival, growth and profitability of the organisation. Thus, coordination can be considered as the core function of management which ensures that all the factors in the business work together smoothly. ii. Essence Of Management: Coordination is all inclusive concept and the end result of management process. That is, it implies the setting up of goals to be achieved and devising the means for achieving them effectively and efficiently. iv. For this, every organisation hires expert for different tasks. That is, no function can be complete without the other ones. Similarly, management also has a lot of literature for theoretical knowledge and learning. myCBSEguide provides sample papers with solution, test papers for chapter-wise practice, NCERT solutions, NCERT Exemplar solutions, quick revision notes for ready reference, CBSE guess papers and CBSE important question papers. Answer: d Explaination: (d) Management is considered to be a deliberate process as it involves creating an environment which … Successful organisations do not achieve goals by chance but by following a deliberate process known as (a) Planning (b) Co-ordination (c) Controlling (d) Management. Thus, coordination is required from an outside body such as the manager so as to integrate their opinions and thoughts. The following points explain the features of management as an art and as a science: Management as an Art: Management satisfies the following criteria for it to be called an art. (a) Existing Literature: All art forms such as music, dance presuppose a defined body of knowledge and literature. Thus, we can say that the functions of management are interdependent on each other and the manager performs these functions simultaneously. (b) Organising: Once the plan is designed, the next step is organising. • It would lead to a chaotic situation causing distress among the employees. • ii. It also brings harmony in carrying out the different tasks and activities to achieve the organization’s objectives efficiently. It involves dealing with the employees both as an individual and as groups or teams. (v) Coordinating with the functions of other division heads. Prove. Hence, we see that coordination is intrinsic and imperative for management. It is found at every level of management. (e) Controlling: Once the above functions are done, it is necessary to control and check that the work is moving in the right direction. That is, each individual uses the basic knowledge in his own creative way. Efficiency involves minimising costs and increasing output. It is the common thread that runs through all activities such as purchase, production, sales, and finance to ensure continuity in the working of … Class 12 Business studies chapter wise NCERT solution for Business studies part 1 and Business studies part 2 for all the chapters can be downloaded from our website and myCBSEguide mobile app for free. • The department may even hamper the progress of … Thus, here also coordination is needed to synchronise the activities of each department towards the achievement of common goals of the organisation. For example, a corporate firm requires management as does a non-profit organisation. (c) Practice and Creativity: Art involves practice and innovation. Ans: Yes, Coordination is indeed the essence of management. With management this work is interpreted in terms of the objectives and goals and how they are to be achieved. As human behavior is subject change, so, the outcome of these theories would also vary from one situation to another. (iii) To assign the necessary duties to the persons working in various departments. Controlling also takes care that if there arises any error or discrepancy then, appropriate measures are taken to rectify it. Do you agree? NCERT Solutions class 12 Business studies Nature & Significance of Management. Her main task is to oversee the implementation of the plans and policies formulated by the top management by directing and supervising the functions of the lower management. It is that force which unites the working and efforts of the people of the organisation towards the common objective of the organisation. Sample Paper all are made available through the best app for CBSE students and myCBSEguide website. That is, the managers use their own creativity and imagination for the application of the knowledge of management. Every specialist approaches the tasks in his own unique manner and is generally reluctant to take up any advice or suggestion form others. | EduRev Class 12 Question is disucussed on EduRev Study Group by 129 Class 12 Students. In management also we have a specific Code of Conduct but, it is not obligatory for the managers to abide by them. Is there any Free Test Series for NEET 2021? In this case, the manager may complete the allotted task in time but the task would lack efficiency. Thus, cooperating is the means through which the management is able to perform its functions. Every department works independently and with its own policies and objectives. (ii) To make sure that each department under her division has the required personnel and staff for carrying out the assigned work. These steps are used by each dancer using his own creative manner. Coordination is then required between the stage of planning and staffing so that right kind of people are hired for the execution of the plan. Coordination — the essence of management 1. Coordination is the essence of management as: 1. Coordination: The Essence of Management: Coordination brings unity of action and integrates different activities of organisation. Coordination is the essence of management. By Coordination, we mean a path through which the group functions are linked up. i. By Coordination, we mean a path through which the group functions are linked up. the various components of planning such as policies, strategies, procedures, schedules and programs serve as means of integrating activities of different groups and departments. iii. Managing the People: As the work is to be done by the people, managing the people is another important dimension of management. 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