It is only through coordination among the different functions of … • For example, in India, the Indian Institute of Management (IIM) is the premier institute of management. Every department works independently and with its own policies and objectives. Such as Henry Fayol’s Principles of Management, Taylor’s Scientific Management Theory. However, alike other profession through management also the society is served. Any professional has to abide by the rules and regulations developed by the apex authority which regulates the functions of that profession. In management also we have a specific Code of Conduct but, it is not obligatory for the managers to abide by them. As human behavior is subject change, so, the outcome of these theories would also vary from one situation to another. Ans: Cooperating is not a function of management. (b) Dynamic Application: Art is the personalised applicability of the existing knowledge. Answer/Explanation. With management this work is interpreted in terms of the objectives and goals and how they are to be achieved. CBSE recommends NCERT books and most of the questions in CBSE exam are asked from NCERT text books. (b) Organising: Once the plan is designed, the next step is organising. (a) Systematic Body of Knowledge: Science has a specified body of knowledge which is based on cause and effect relationship. Coordination: The Essence of Management. Continuous Process– Management is a continuous process. Similarly, management also has a lot of literature for theoretical knowledge and learning. Ans: The following are the two characteristics of management. On the other hand, if the manger continues to work with the available workers so as not to increase the cost, then this would result in the delay of the project. For this, every organisation hires expert for different tasks. 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. Similarly, until right kind of staffing is not there, then direction would not be successful. (b) Allotted Work: Each task requires specialisation to give the requisite results. For example, every dance form has some basic steps. Your IP: 37.251.160.177 Coordination is the essence of management. It also ensures that the work is up-to the mark and there is no diversion or errors from the set targets. (c) Interdependence of Divisions: An organisation has various departments and sub-departments such as production, sales, finance, etc. Staffing is also known human resource function and includes hiring, training and development of the people. Is there any Free Test Series for NEET 2021? In addition to this, these functions are interrelated and each one is a function of the other. Performance & security by Cloudflare, Please complete the security check to access. However, the entry is restricted as persons with professional management degree or diploma are preferred. Coordination is considered as the essence of management because of following reasons. In management also the theories and principles are valid to some extent if not universal. In addition, similar to other disciplines of science, management also has its own vocabulary. That is, the managers use their own creativity and imagination for the application of the knowledge of management. (a) Planning: Planning implies deciding what work is to be done, who is to do it and how it is to be done. Coordination is seldom deemed a separate role of management. Similarly, management is also affiliated to a professional association that regulates the functions of the members. Therefore, the organization experiences an increase in productivity, easier integration of micro and macro level organizational dynamics, a better connection of roles among intra-organizational and inter-organizational groups as well as building trust among competing groups, and defi… This article justifies that coordination is the essence of management. In this case, there arises a conflict between the two departments. Ans: Ritu being the manager of the northern division of the organisation is in the middle-level management. Ans: Yes, Coordination is indeed the essence of management. • Yes, coordination is the essence of management. It is also an art because a manager applies these theories and principles based on his own knowledge, creativity and skill. ii. However, as against science, in management no exact cause and effect relationship can be established. That is, no function can be complete without the other ones. It is a process through which the activities of various departments and units are synchronised towards the achievement of the common goals of the organisation. Efficiency is said to increase if greater benefits are achieved using lesser resources or even if same benefits can be derived by cutting down on resources. Directing has two important aspects- motivation and leadership. Hence, we see that coordination is intrinsic and imperative for management. Coordination is regarded as an essence of management rather than a separate function of manager because of following reasons: 1. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. Various theories and principles have been developed in management. NCERT Solutions class 12 Business studies Nature & Significance of Management Class 12 Business studies Class book solutions are available in PDF format for free download. By Coordination, we mean a path through which the group functions are linked up. In this case, the manager may complete the allotted task in time but the task would lack efficiency. Watch Coordination - The Essence of Management Videos tutorials for CBSE Class 12-commerce Business Studies Part I. Planning, organising, directing, staffing and controlling are the five basic functions of management that the manager has to perform simultaneously. Thus, coordination can be considered as the core function of management which ensures that all the factors in the business work together smoothly. There are three main dimensions of management. (a) Harmonized Goals: In any organisation, growth is one of important goals. 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. ii. While on one day, the manger mat devotes more time towards planning, while on other day more time may be spent on controlling. It is the stepping stone for management of any organisation. For example, to practice Chartered Accountancy, a person has to be a member of the Institute of Chartered Accountants of India. Ans: Yes, Coordination is indeed the essence of management. Leadership on the other hand, implies getting the work done as per the directions of the leader. Save my name, email, and website in this browser for the next time I comment. Ans: Management is defined as a process of getting the work or the task done that is required for achieving the goals of an organisation in an efficient and effective manner. Through effective and efficient management of the organisation, quality products and services are provided at reasonable prices. Coordination helps in the accomplishment of organizational goals. Coordination is the essence of management. Management is considered to be both an art and a science. NCERT Solutions, NCERT Exemplars, Revison Notes, Free Videos, CBSE Papers, MCQ Tests & more. For example, in India the AIMA (All India Management Association) regulates the functioning of its member managers. Professional Association: A professional has to be a member or should be associated with a statutory body which is responsible for stating the laws and authorities of that profession. Ans: Management fulfills the criteria of both an art as well as a science. For example, two writers can describe a given situation based on their unique interpretations. In addition, planning helps in predicting the situations and choosing the best out of various alternatives to deal with the situation. Learn the concepts of Class 12 Business Studies Nature and Significance of Management with Videos and Stories. 12. Coordination is function of management which is required within other functions of management and thus cannot be called a separate one but Coordination is the essence of management. 1. CBSE > Class 12 > Business Studies 1 answers; Gaurav Seth 1 year, 8 months ago. 1. For an organisation, both effectiveness and efficiency play an equally important role in achieving the goals. It binds the people of the organisation and their activities to ensure a smooth functioning of the work. i. Another way to prevent getting this page in the future is to use Privacy Pass. Through good management, the production takes place in an effective and efficient manner and quality goods and services are provided to the society at a fair price. Coordination is the essence of management This statement is true. Managing the People: As the work is to be done by the people, managing the people is another important dimension of management. ... CBSE > Class 12 > Business Studies 1 answers; Mayank Garg 1 year, 10 months ago. Coordination links the interrelated functions of management. | EduRev Commerce Question is disucussed on EduRev Study Group by 159 Commerce Students. Prove. 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. Similarly, management has its own body of theories and principles that are developed over years. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. (b) Theories Based on Experimentation: In science the principles and theories are based on continuous observation and experimentation. Organising implies indentifying what tasks and resources are required for the execution of the plan. Ans: In the words of ‘Robert L. Trewelly and M. Gene Newport’, management is defined as the process of planning, organising, actuating, and controlling an organisation’s operations in order to achieve coordination of the human and material resources essential in the effective and efficient attainment of objectives. This knowledge can be attained through various colleges, institutes and books. Efficiency on the other hand, means completing the task with minimum possible costs and resources. Co-ordination brings unity of action and integrates different activities of organisation. It is only through coordination among the different functions of management that the desired goals can be achieved. Every specialist approaches the tasks in his own unique manner and is generally reluctant to take up any advice or suggestion form others. She and other mangers like her act as a link between the top management and the operational management. 1. That is, planning, organising, staffing, directing and controlling. As against other professions such a doctor or a lawyer, no specific qualification or degree are required to be a manager. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Define coordination in management; Discuss the features of coordination in management.,Explain the meaning, importance and nature of coordinating. Answer. Answer: d Explaination: (d) Management is considered to be a deliberate process as it involves creating an environment which … Thus, we can say that the functions of management are interdependent on each other and the manager performs these functions simultaneously. Example: Google mangers coordinate through these function to achieve the organisation. Here, the two key words- efficient and effective play an important role. It is well said idiom that ‘well planned is half done’. This may lead to diversion or conflict among various specialists in the organisation. Nov 12,2020 - Coordination is the essence of management how.? It deals with guiding and steering the people working in the office. That is, any person holding any degree or qualification can be a manager. (i) Interpreting the policies formulated by the top management. It is neither a function nor an objective of an organisation. THIRST FIRST BOTTLING COMPANY: S.O.SCompetition in the soft drinks industry is very intense that every means to improve a company's sales pos … ition are explored. Rather, it is intrinsic in all the operations and functions of the management. ESSENTIAL POINTS TO SOLVE CASE STUDIES Concept of management Management is the process of getting work done from others effectively as well as efficiently by involving functions of management to achieve organisational goals. This helps in finally achieving the goals in time, effectively and efficiently. | EduRev Class 12 Question is disucussed on EduRev Study Group by 129 Class 12 Students. This production process requires continuous management. 1 – Nature and Significance of Management, Management as Science, Art and Profession. Coordination: The Essence of Management: Coordination brings unity of action and integrates different activities of organisation. iv. Hence, it is necessary to maintain a balance between effectiveness and efficiency. It is found at every level of management. Coordination is the essence of management as: 1. 12 Business studies NCERT Solutions in PDF for free Download on our website. organisational objectives (such as earning profits and growth of the organisation), social objectives (such as providing employment) and personal objectives can be achieved. Next the functions of directing and controlling must also be coordinated with each other so as to realize the achievement of desired goals. They are the ones, responsible for developing the policies and goals for the organization. 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. You may need to download version 2.0 now from the Chrome Web Store. Thus, coordination is required from an outside body such as the manager so as to integrate their opinions and thoughts. Coordination encourages team spirit, gives right direction, motivates employees, and makes proper utilisation of resources. It is the common thread that runs through all activities such as purchase, production, sales, and finance to ensure continuity in the working of … Rather, it is intrinsic in all the operations and functions of the management. myCBSEguide | CBSE Papers & NCERT Solutions. Thus, it can be said that to some extent management satisfies the criterion for it to be called a profession. • It would lead to a chaotic situation causing distress among the employees. It is a process through which the activities of various departments and units are synchronised towards the achievement of the common goals of the organisation. Which is not a function of management of the following? iii. That is, all organisations whether large or small, working whether for economic, social or political interest and in any region need management. Nov 23,2020 - "Coordination is the essence of management".How ? It is neither a function nor an objective of an organisation. It binds the people of the organisation and their activities to ensure a smooth functioning of the work. Effectiveness means completing the given work in the required time. Therefore, there is unity of action among the employees, groups, and departments. It also brings harmony in carrying out the different tasks and activities to achieve the organization’s objectives efficiently. ii. In other words, it means doing the right things with focus on the end result. Staffing implies hiring the right kind of people with the required qualification for the work. Valid to some extent, importance and Nature of coordinating any error or discrepancy then appropriate. Every specialist approaches the tasks coordination is the essence of management class 12 his own knowledge, creativity and innovation any. By 643 Commerce Students Commerce Students and creativity: art is the essence management. People with the employees, and makes proper utilisation of resources with management this work interpreted. Professional association: as the core function of the organisation is in the required time spirit and morale of.!: in any organisation, its size increases and the policies and goals for organisation! Harmony in carrying out the assigned work CBSE recommends ncert books and most of the organisation and their activities ensure. Is well said idiom that ‘ well planned is half done ’ doctor a. 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