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. Similarly, in management, a manager applies the theories and principles of management to different situations as per his own creativity and imagination and sometimes even formulates new ways to address a situation. Different outlook :It … This video is all about the topic coordination --the essence of management class 12 , NCERT , Chap - 1. Similarly, management has its own body of theories and principles that are developed over years. 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. 1. Prove. It is the common thread that runs through all activities such as purchase, production, sales, and finance to ensure continuity in the working of … Efficiency involves minimising costs and increasing output. Which is not a function of management of the following? They are the ones, responsible for developing the policies and goals for the organization. Management is a science because it is based on various theories and principles which were developed over years with continuous experimentation and observations. ii. 12. • Yes, coordination is the essence of management. In addition, similar to other disciplines of science, management also has its own vocabulary. Ans: Management fulfills the criteria of both an art as well as a science. 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. • If there is no coordination among the different functions of the management, the organisation cannot be achieved. CBSE Class 12 Business Studies Case Studies – Nature and Significance of Management. 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… However, the focus or the priority of the manager may differ from day to day. Also, every individual will have his/her personal goals which may create hindrance in achieving the organisational goals. 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. However, alike other profession through management also the society is served. However, greater number of persons means more differences in thoughts and work habits that may lead to disharmony among people. Although the application of the theories and their outcomes vary from situation to situation, however they act as standards for actions in different situations. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. ii. Ans: Yes, Coordination is indeed the essence of management. (c) Interdependence of Divisions: An organisation has various departments and sub-departments such as production, sales, finance, etc. Rather, it is intrinsic in all the operations and functions of the management. 1 – Nature and Significance of Management, Management as Science, Art and Profession. It includes motivating them in the right direction so that they can put in their best to achieve the goals. Ans: Management can be 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. Answer/Explanation. Human Relation: Coordination helps to improve team spirit and morale of employees. Thus, it can be said that to some extent management satisfies the criterion for it to be called a profession. For an organisation, both effectiveness and efficiency play an equally important role in achieving the goals. Efficiency on the other hand, means completing the task with minimum possible costs and resources. That is, no function can be complete without the other ones. Through effective and efficient management of the organisation, quality products and services are provided at reasonable prices. It is neither a function nor an objective of an organisation. 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 well said idiom that ‘well planned is half done’. ... CBSE > Class 12 > Business Studies 1 answers; Mayank Garg 1 year, 10 months ago. | EduRev Commerce Question is disucussed on EduRev Study Group by 143 Commerce Students. This would mean that he will have to give more salary which in turn increases the total cost of production. (iv) To encourage and motivate the personnel towards achieving the goals. (b) Organising: Once the plan is designed, the next step is organising. • The department may even hamper the progress of … It begins right from the stage of planning where goals and objectives are set for the organisation. It is the stepping stone for management of any organisation. In a well coordinated organization, organizational goals and personal goals of people are reconciled. Code of Conduct: Every profession follows a particular code of conduct that acts as a guiding principle for the ethical behavior of its members. Pervasive: Management is pervasive to all organisations across size, characteristics and region. Coordination - The Essence of Management ,Nature and Significance of Management - Get topics notes, Online test, Video lectures, Doubts and Solutions for CBSE Class 12-commerce on TopperLearning. These ncert book chapter wise questions and answers are very helpful for CBSE board exam. For example, until planning is not done, organising cannot take place. 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. 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. Coordination is considered as the essence of management because of … i. In addition to this, these functions are interrelated and each one is a function of the other. It is only through coordination among the different functions of … Coordination is the essence of management. Rather, it is intrinsic in all the operations and functions of the management. Coordination: The Essence of Management: Coordination brings unity of action and integrates different activities of organisation. Explain. However, as against science, in management no exact cause and effect relationship can be established. Staffing is also known human resource function and includes hiring, training and development of the people. Coordination is is the essence of management because : ... CASE 12. It is that force which unites the working and efforts of the people of the organisation towards the common objective of the organisation. Nov 12,2020 - Coordination is the essence of management how.? Coordination — the essence of management 1. Coordination: The Essence of Management. Coordination is seldom deemed a separate role of management. Another way to prevent getting this page in the future is to use Privacy Pass. Coordination is needed to perform all the functions of management starting from planning, organizing, staffing, directing and controlling. (a) Planning: Planning implies deciding what work is to be done, who is to do it and how it is to be done. With growth of the organisation, its size increases and the number of personnel also increases. It involves dealing with the employees both as an individual and as groups or teams. Undue emphasis on one without the other is of no good for the organisation. Therefore, there is unity of action among the employees, groups, and departments. • organisational objectives (such as earning profits and growth of the organisation), social objectives (such as providing employment) and personal objectives can be achieved. That is, each individual uses the basic knowledge in his own creative way. Managing the People: As the work is to be done by the people, managing the people is another important dimension of management. The knowledge of management can be attained through various colleges, institutes and books. Save my name, email, and website in this browser for the next time I comment. myCBSEguide | CBSE Papers & NCERT Solutions. The only difference lies in how it is practiced by different organisations in different regions based on their culture and traditions. It binds the people of the organisation and their activities to ensure a smooth functioning of the work. Thus, here also coordination is needed to synchronise the activities of each department towards the achievement of common goals of the organisation. (b) Allotted Work: Each task requires specialisation to give the requisite results. Every specialist approaches the tasks in his own unique manner and is generally reluctant to take up any advice or suggestion form others. Ncert physics class 12 solutions PDF and Business studies ncert class 12 PDF solutions with latest modifications and as per the latest CBSE syllabus are only available in myCBSEguide. Ans: Management is both an art and a science. That is, it can be said that policy making is the path through which the objectives of a management i.e. Co-ordination brings unity of action and integrates different activities of organisation. Ans: Although management does not satisfy all the criteria of a profession, however, it does possess some of the characteristics that qualify it to be a profession. In an organization, the efficient coordination of internal and external components help in reducing the complexities (both internal and external). Coordination is the essence of management as: 1. This article justifies that coordination is the essence of management. It deals with guiding and steering the people working in the office. (a) Harmonized Goals: In any organisation, growth is one of important goals. For example, to practice Chartered Accountancy, a person has to be a member of the Institute of Chartered Accountants of India. By Coordination, we mean a path through which the group functions are linked up. As against other professions such a doctor or a lawyer, no specific qualification or degree are required to be a manager. This is achieved by praising and criticising the work as and when required. Business Studies Class XII Nature and Significance of Management Coordination Is The Essence Of Management Lesson Progress 0% Complete Coordination is the force that binds all the other functions of management. It is also an art because a manager applies these theories and principles based on his own knowledge, creativity and skill. Ask questions, doubts, problems and we will help you. Managing the Operations: Every organisation involves a production process where the inputs are transformed into a product or a service. Thus, management can be defined as the process of planning, organising, staffing, directing and controlling such that the goals of the organisation are achieved successfully with minimum cost and resources. In management also we have a specific Code of Conduct but, it is not obligatory for the managers to abide by them. On the other hand, effective implies completing the given task and work while, efficient means successfully completing the task with minimum possible cost. Management is considered to be both an art and a science. Coordination is regarded as an essence of management rather than a separate function of manager because of following reasons: 1. With management this work is interpreted in terms of the objectives and goals and how they are to be achieved. However, often an organisation has to compromise on one while achieving the other. 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. The artists use the existing literature as per his own creativity and innovation. | EduRev Commerce Question is disucussed on EduRev Study Group by 643 Commerce Students. 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