NATURE AND SIGNIFICANCE OF MANAGEMENT — OCM STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceOCMNATURE AND SIGNIFICANCE OF MANAGEMENT5 Marks
Question
What is Co-ordination? Explain its importance.
✓
Answer
$(1)$ Introduction : Co-ordination is required at every stage of management. Co-ordination is necessary from planning to controlling. It gives an assurance for the accomplishment of objectives.
$(2)$ What is co-ordination : to bring co-ordination and harmony among the different functions done by different department in the business unit is call co-ordination,
$(3)$ Importance of Co-ordination :
$(1)$ Effectiveness of Management Functions : Success of co-ordination make possible, all the business activities in a ease manner.
$(2)$ All functions Become Easy : Co-ordination make possible, all the business activities in a ease manner.
$(3)$ No Duplication : No work is left incomplete or no duplication of work due to Co-ordination.
$(4)$ Harmony Among Departments : Co-ordination maintains harmony among various department of management.
$(5)$ Balance Between Order and Time : Co-ordination maintains a balance between order and time of business activities performed by various departments.
$(6)$ Accomplishment of objectives : Co-ordination leads towards the accomplishment of pre-decided objectives.
$(5)$ Conclusion : Due to co-ordination all the activities are carried out with ease and without duplication of work. It also makes optimum utilization of resources possible.
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