ii. Leadership on the other hand, implies getting the work done as per the directions of the leader. Rather, it is intrinsic in all the operations and functions of the management. myCBSEguide | CBSE Papers & NCERT Solutions. (ii) To make sure that each department under her division has the required personnel and staff for carrying out the assigned work. It binds the people of the organisation and their activities to ensure a smooth functioning of the work. Any professional has to abide by the rules and regulations developed by the apex authority which regulates the functions of that profession. CBSE Class 12 Business Studies Case Studies – Nature and Significance of Management. iii. It also ensures that the work is up-to the mark and there is no diversion or errors from the set targets. This article justifies that coordination is the essence of management. Process implies the functions of the management. Managing the People: As the work is to be done by the people, managing the people is another important dimension of management. (c) Interdependence of Divisions: An organisation has various departments and sub-departments such as production, sales, finance, etc. Hence, it is necessary to maintain a balance between effectiveness and efficiency. In a similar manner, managers use the available theories and principles as per the situation in their own unique manner. (c) Practice and Creativity: Art involves practice and innovation. • In other words, it means doing the right things with focus on the end result. Coordination brings unity of action and integrates different activities of organisation. Staffing implies hiring the right kind of people with the required qualification for the work. ii. Prove. Coordination is considered as the essence of management because of the following reasons : Coordination is needed to perform all the functions of Management 1) In planning : coordination is required between the objectives and available resources. The artists use the existing literature as per his own creativity and innovation. It is neither a function nor an objective of an organisation. 12 Business studies NCERT Solutions in PDF for free Download on our website. You may need to download version 2.0 now from the Chrome Web Store. This production process requires continuous management. By Coordination, we mean a path through which the group functions are linked up. Efficiency involves minimising costs and increasing output. That is, each individual uses the basic knowledge in his own creative way. There is a set Code of Conduct which that professional has to follow for smooth functioning. Planning lays down the common objectives of the organisation. • Yes, coordination is the essence of management. Also, every individual will have his/her personal goals which may create hindrance in achieving the organisational goals. Coordination encourages team spirit, gives right direction, motivates employees, and makes proper utilisation of resources. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. the various components of planning such as policies, strategies, procedures, schedules and programs serve as means of integrating activities of different groups and departments. In this case, there arises a conflict between the two departments. NCERT Solutions for CBSE Class 12 Business studies have total 20 chapters. Ans: Management fulfills the criteria of both an art as well as a science. To some extent, this restricts the entry of people in management as a profession. 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. Coordination is the essence of management. On the other hand, effective implies completing the given task and work while, efficient means successfully completing the task with minimum possible cost. | EduRev Commerce Question is disucussed on EduRev Study Group by 143 Commerce Students. Essence Of Management: Coordination is all inclusive concept and the end result of management process. Nature and Significance of Management Class 12 Business Studies MCQs Pdf. Undue emphasis on one without the other is of no good for the organisation. While on one hand, being effective implies actually achieving the goals, on the other hand, being efficient would reduce the cost and thereby, increase profits. Any organisation requires specialised personnel for the accomplishment of the tasks. Please enable Cookies and reload the page. ii. 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. Directing has two important aspects- motivation and leadership. It is that force which unites the working and efforts of the people of the organisation towards the common objective of the organisation. Ans: Cooperating is not a function of management. 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. This video is all about the topic coordination --the essence of management class 12 , NCERT , Chap - 1. 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. Similarly, a hotel needs as much management as a hospital. Thus, we can say that the functions of management are interdependent on each other and the manager performs these functions simultaneously. It is neither a function nor an objective of an organisation. NCERT Solutions, NCERT Exemplars, Revison Notes, Free Videos, CBSE Papers, MCQ Tests & more. Planning, organising, directing, staffing and controlling are the five basic functions of management that the manager has to perform simultaneously. It is well said idiom that ‘well planned is half done’. It is based on several theories and principles that are developed over years with continuous experimentation and observation. In this case, the manager may complete the allotted task in time but the task would lack efficiency. For example, two writers can describe a given situation based on their unique interpretations. Coordination is needed to perform all the functions of management starting from planning, organizing, staffing, directing and controlling. 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. That is, the managers use their own creativity and imagination for the application of the knowledge of management. Therefore, Coordination is rightly called the "Essence of Management". 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. Controlling also takes care that if there arises any error or discrepancy then, appropriate measures are taken to rectify it. Jun 20,2020 - Coordination is the essence if management???how? Revise Business Studies Part I chapters using videos at TopperLearning - 75681 Cloudflare Ray ID: 60eaad9eccc7b6de Sample Paper all are made available through the best app for CBSE students and myCBSEguide website. Nov 23,2020 - "Coordination is the essence of management".How ? Thus, we can say that management is a multi-faceted process covering various dimensions simultaneously. Ncert solution class 12 Business studies includes text book solutions from both part 1 and part 2. Answer. That is, planning, organising, staffing, directing and controlling. It is the stepping stone for management of any organisation. 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. When the organisation structure is created and departments are designed, managers coordinate the activities of these departments to achieve organisational goals. For example, in India, the Indian Institute of Management (IIM) is the premier institute of management. (a) Systematic Body of Knowledge: Science has a specified body of knowledge which is based on cause and effect relationship. Coordination is considered as the essence of management because of … This would mean that he will have to give more salary which in turn increases the total cost of production. Pervasive: Management is pervasive to all organisations across size, characteristics and region. 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. Coordination — the essence of management 1. That is, no function can be complete without the other ones. Different outlook :It … It is in fact a process that involves the setting up of goals and objectives for the organisation and the determining the ways to achieve the desired goals. (vi) Coordination is the essence of management Management function revolves around making, arranging things, moving things in an organisation in relation to overall objective of the organisation. For an organisation, both effectiveness and efficiency play an equally important role in achieving the goals. Thus, coordination can be considered as the core function of management which ensures that all the factors in the business work together smoothly. She and other mangers like her act as a link between the top management and the operational management. Ans: The following are the two characteristics of management. Although the application of the theories and their outcomes vary from situation to situation, however they act as standards for actions in different situations. 1. It is also required for the survival, growth and profitability of the organisation. 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. 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. So, coordination is important so as to synchronize the personal and the overall goals in one direction. Policy formulation is the function of the top level managers. 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. CBSE recommends NCERT books and most of the questions in CBSE exam are asked from NCERT text books. Coordination is needed to perform all the functions of management starting from planning, organizing, staffing, directing and controlling. Coordination links the interrelated functions of management. 1. 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. ... CBSE > Class 12 > Business Studies 1 answers; Mayank Garg 1 year, 10 months ago. Efficiency on the other hand, means completing the task with minimum possible costs and resources. Management is a science because it is based on various theories and principles which were developed over years with continuous experimentation and observations. It deals with guiding and steering the people working in the office. Coordination helps in the accomplishment of organizational goals. (a) Harmonized Goals: In any organisation, growth is one of important goals. 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. Various theories and principles have been developed in management. Organising implies indentifying what tasks and resources are required for the execution of the plan. 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. They are the ones, responsible for developing the policies and goals for the organization. These ncert book chapter wise questions and answers are very helpful for CBSE board exam. It is also an art because a manager applies these theories and principles based on his own knowledge, creativity and skill. • It would lead to a chaotic situation causing distress among the employees. Next the functions of directing and controlling must also be coordinated with each other so as to realize the achievement of desired goals. Ans: Yes, Coordination is indeed the essence of management. Co-ordination brings unity of action and integrates different activities of organisation. It binds the people of the organisation and their activities to ensure a smooth functioning … That is, any person holding any degree or qualification can be a manager. In a well coordinated organization, organizational goals and personal goals of people are reconciled. As against other professions such a doctor or a lawyer, no specific qualification or degree are required to be a manager. 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. Ans: Management is said to be multi-faceted concept as it is a complex process involving not just one but various dimensions. Nov 12,2020 - Coordination is the essence of management how.? Similarly, management has its own body of theories and principles that are developed over years. Staffing is also known human resource function and includes hiring, training and development of the people. For the performance of these interrelated functions, the activities of the various departments, units and individuals must be synchronized. Human Relation: Coordination helps to improve team spirit and morale of employees. NCERT Solutions Class 12 Business studies PDF (Download) Free from myCBSEguide app and myCBSEguide website. In a same manner, the principles of management have also developed over several years based on repeated observations and experiments. With management this work is interpreted in terms of the objectives and goals and how they are to be achieved. 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. 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. This knowledge can be attained through various colleges, institutes and books. As human behavior is subject change, so, the outcome of these theories would also vary from one situation to another. Your IP: 37.251.160.177 Code of Conduct: Every profession follows a particular code of conduct that acts as a guiding principle for the ethical behavior of its members. (b) Dynamic Application: Art is the personalised applicability of the existing knowledge. (c) Universal Validity: In science, the principles have universal validity. Restriction to Entry: Management satisfies this criterion only to some extent. Save my name, email, and website in this browser for the next time I comment. However, often an organisation has to compromise on one while achieving the other. iv. Similarly, management also has a lot of literature for theoretical knowledge and learning. It also brings harmony in carrying out the different tasks and activities to achieve the organization’s objectives efficiently. 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. It is only through coordination among the different functions of management that the desired goals can be achieved. However, the focus or the priority of the manager may differ from day to day. 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. In management also the theories and principles are valid to some extent if not universal. Management as a course is offered by many colleges and professional institutes. On the other hand, middle level managers interpret these policies in terms of plans and objectives and works towards implementing them with the help of the operational management. On the other hand, middle level managers interpret these policies in terms of plans and objectives and works towards implementing them with the help of the operational management. Hence, we see that coordination is intrinsic and imperative for management. 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. Learn the concepts of Class 12 Business Studies Nature and Significance of Management with Videos and Stories. Thus, cooperating is the means through which the management is able to perform its functions. Answer: d Explaination: (d) Management is considered to be a deliberate process as it involves creating an environment which … In addition to this, these functions are interrelated and each one is a function of the other. 1. 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. 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. Every department works independently and with its own policies and objectives. Performance & security by Cloudflare, Please complete the security check to access. The only difference lies in how it is practiced by different organisations in different regions based on their culture and traditions. But, it is not requisite for managers to be a part of them. That is, all organisations whether large or small, working whether for economic, social or political interest and in any region need management. Ans: Yes, Coordination is indeed the essence of management. i. In addition, management is practiced by organisations in all the countries and regions. Through effective and efficient management of the organisation, quality products and services are provided at reasonable prices. (v) Coordinating with the functions of other division heads. (iii) To assign the necessary duties to the persons working in various departments. 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, in this case the manager compromises on effectiveness while achieving efficiency. Managing the Work: The performance of a definite work forms the basis of an organisation. 2)Organising: is ineffective there is lack of coordination between different departments and divisions. It begins right from the stage of planning where goals and objectives are set for the organisation. That is, it can be said that policy making is the path through which the objectives of a management i.e. Ans: The following are the basic features according to which management can be viewed as a profession. Example: Google mangers coordinate through these function to achieve the organisation. 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. Such as Henry Fayol’s Principles of Management, Taylor’s Scientific Management Theory. Management is considered to be both an art and a science. However, there is no compulsion for every manager to be member of the association. Download NCERT solutions for Nature & Significance of Management as PDF. Co-ordination is considered to be the essence of management because (a) It is a common thread that runs through all the activities within the organisation (b) It is implicit and inherent in all functions of the organisation (c) It is a force that binds all the functions of management That is, the various functions of management (planning, organising, directing, staffing and controlling) are performed simultaneously by the managers. Coordination is the essence of management. Ask questions, doubts, problems and we will help you. By Coordination, we mean a path through which the group functions are linked up. Coordination is the essence of management as: 1. | EduRev Commerce Question is disucussed on EduRev Study Group by 159 Commerce Students. Proper organisation leads to both effectiveness and efficiency in the organisation. (d) Directing: Directing is a very important function of a manager. Continuous Process– Management is a continuous process. Thus, coordination is required from an outside body such as the manager so as to integrate their opinions and thoughts. Therefore, there is unity of action among the employees, groups, and departments. Coordination: The Essence of Management: Coordination brings unity of action and integrates different activities of organisation. It is a very important aspect of management as it helps in reaching the set goals. For this, every organisation hires expert for different tasks. 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. Coordination is the energy that connects all the other functions of management.