NATURE AND SIGNIFICANCE OF MANAGEMENT — OCM STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceOCMNATURE AND SIGNIFICANCE OF MANAGEMENT5 Marks
Question
Define co-ordination and explain characteristics of it.
✓
Answer
Co-ordination:
To task of maintaining co-ordination and harmony among the different functions carried out by different departments in the business unit is called co-ordination.
Although co-ordination is not a function of management but it is required at each and every stage of management.
It is necessary right from the planning stage to controlling.
Characteristics of co-ordination:
Co-ordination is required for all the activities, right from planning to controlling. As a result, none of the management process is possible without co-ordination.
Co-ordination is required at every level of management.
Success of co-ordination depends upon effective communication.
Co-ordination is not possible without co-operation. Co-operation of employees engaged in different activities is necessary to maintain co-ordination among various activities of the organization.
Co-ordination makes possible optimum utilization of business resources.
Co-ordination is a part of every activity of management. Therefore co-ordination is considered soul of management.
Importance of co-ordination:
Co-ordination makes management functions like planning, organizing, directing, controlling, etc. effective.
Co-ordination makes possible smooth functioning of all the business activities.
When there is proper co-ordination then neither any work remains incomplete nor any work gets duplicated.
Co-ordination maintains harmony among various departments of management.
Co-ordination enables to maintain a balance between order and time of business activities performed by various departments.
Co-ordination enables accomplishment of pre-decided objectives.
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