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. (b) Allotted Work: Each task requires specialisation to give the requisite results. Similarly, management is also affiliated to a professional association that regulates the functions of the members. With growth of the organisation, its size increases and the number of personnel also increases. Another way to prevent getting this page in the future is to use Privacy Pass. Therefore, there is unity of action among the employees, groups, and departments. Which is not a function of management of the following? 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. 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. (c) Interdependence of Divisions: An organisation has various departments and sub-departments such as production, sales, finance, etc. 12. In an organization, the efficient coordination of internal and external components help in reducing the complexities (both internal and external). In addition, planning helps in predicting the situations and choosing the best out of various alternatives to deal with the situation. Coordination is regarded as an essence of management rather than a separate function of manager because of following reasons: 1. Efficiency on the other hand, means completing the task with minimum possible costs and resources. 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. In addition, similar to other disciplines of science, management also has its own vocabulary. (a) Harmonized Goals: In any organisation, growth is one of important goals. Leadership on the other hand, implies getting the work done as per the directions of the leader. Similarly, management has its own body of theories and principles that are developed over years. The operational management as per the instructions of the middle management directly oversees the actual work process. This helps in finally achieving the goals in time, effectively and efficiently. For example, a corporate firm requires management as does a non-profit organisation. ii. (a) Planning: Planning implies deciding what work is to be done, who is to do it and how it is to be done. She and other mangers like her act as a link between the top management and the operational management. Thus, here also coordination is needed to synchronise the activities of each department towards the achievement of common goals of the organisation. Staffing implies hiring the right kind of people with the required qualification for the work. In management also the theories and principles are valid to some extent if not universal. © 2021 myCBSEguide | CBSE Papers & NCERT Solutions, NCERT solutions for Nature & Significance of Management, NCERT Solutions for class 12 Business studies Controlling, NCERT Solutions for class 12 Business studies Consumer Protection, NCERT Solutions for class 12 Business studies Staffing, NCERT Solutions for class 12 Business studies Organising, NCERT Solutions for class 12 Business studies Marketing, NCERT Solutions for class 12 Business studies Planning, NCERT Solutions for class 12 Business studies Financial Management, NCERT Solutions class 12 Business studies Principles of Management, Class 10 Science Sample Paper 2021 (Solved). 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. Various theories and principles have been developed in management. The only difference lies in how it is practiced by different organisations in different regions based on their culture and traditions. CBSE recommends NCERT books and most of the questions in CBSE exam are asked from NCERT text books. CBSE > Class 12 > Business Studies 1 answers; Gaurav Seth 1 year, 8 months ago. That is, the various functions of management (planning, organising, directing, staffing and controlling) are performed simultaneously by the managers. (v) Coordinating with the functions of other division heads. Thus, it can be said that to some extent management satisfies the criterion for it to be called a profession. 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… That is, it can be said that policy making is the path through which the objectives of a management i.e. Your IP: 37.251.160.177 Management as a course is offered by many colleges and professional institutes. Coordination is the essence of management. 1. It is that force which unites the working and efforts of the people of the organisation towards the common objective of the organisation. | EduRev Commerce Question is disucussed on EduRev Study Group by 643 Commerce Students. Coordination: The Essence of Management: Coordination brings unity of action and integrates different activities of organisation. For example, in India the AIMA (All India Management Association) regulates the functioning of its member managers. It also ensures that the work is up-to the mark and there is no diversion or errors from the set targets. 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. Yes, Coordination is indeed the essence of management. However, alike other profession through management also the society is served. 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. Management is considered to be both an art and a science. While on one day, the manger mat devotes more time towards planning, while on other day more time may be spent on controlling. 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. That is, if the company focuses on effectiveness, it may have to compromise on efficiency and vice-versa. 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. 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. To download NCERT Solutions for class 12 Physics, Chemistry, Biology, History, Political Science, Economics, Geography, Computer Science, Home Science, Accountancy, Business Studies and Home Science; do check myCBSEguide app or website. 1. (b) Organising: Once the plan is designed, the next step is organising. This knowledge can be attained through various colleges, institutes and books. 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. That is, each individual uses the basic knowledge in his own creative way. Revise Business Studies Part I chapters using videos at TopperLearning - 75681 It includes motivating them in the right direction so that they can put in their best to achieve the goals. Coordination is the essence of management. Thus, we can say that management is a multi-faceted process covering various dimensions simultaneously. Ans: Management is said to be multi-faceted concept as it is a complex process involving not just one but various dimensions. Coordination is seldom deemed a separate role of management. Organising implies indentifying what tasks and resources are required for the execution of the plan. 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 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. This is achieved by praising and criticising the work as and when required. NCERT Solutions Class 12 Business studies PDF (Download) Free from myCBSEguide app and myCBSEguide website. Ans: Management is both an art and a science. Cloudflare Ray ID: 60eaad9eccc7b6de Management is a science because it is based on various theories and principles which were developed over years with continuous experimentation and observations. Ans: Ritu being the manager of the northern division of the organisation is in the middle-level management. Rather, it is intrinsic in all the operations and functions of the management. However, as against science, in management no exact cause and effect relationship can be established. Effectiveness means completing the given work in the required time. (e) Controlling: Once the above functions are done, it is necessary to control and check that the work is moving in the right direction. Download NCERT solutions for Nature & Significance of Management as PDF. 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. Save my name, email, and website in this browser for the next time I comment. It is based on several theories and principles that are developed over years with continuous experimentation and observation. Coordination helps in the accomplishment of organizational goals. There are three main dimensions of management. 1. 2. Depending upon how we define coordination, I would have to say it can be the essence of management. Thus, coordination is required from an outside body such as the manager so as to integrate their opinions and thoughts. Co-ordination brings unity of action and integrates different activities of organisation. Every department works independently and with its own policies and objectives. 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. (c) Practice and Creativity: Art involves practice and innovation. (iv) To encourage and motivate the personnel towards achieving the goals. In this case, the manager may complete the allotted task in time but the task would lack efficiency. • Yes, coordination is the essence of management. Proper organisation leads to both effectiveness and efficiency in the organisation. iii. iv. ii. i. Systemised Knowledge: Management is based on a systemised and well-defined body of knowledge comprising of principles and theories. 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. (a) Systematic Body of Knowledge: Science has a specified body of knowledge which is based on cause and effect relationship. Ans: Policy making is not an objective of management. Thus, coordination can be considered as the core function of management which ensures that all the factors in the business work together smoothly. Sample Paper all are made available through the best app for CBSE students and myCBSEguide website. It is the common thread that runs through all activities such as purchase, production, sales, and finance to ensure continuity in the working of … ... CBSE > Class 12 > Business Studies 1 answers; Mayank Garg 1 year, 10 months ago. Similarly, management also has a lot of literature for theoretical knowledge and learning. In addition to this, these functions are interrelated and each one is a function of the other. 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. (iii) To assign the necessary duties to the persons working in various departments. 1 – Nature and Significance of Management, Management as Science, Art and Profession. By Coordination, we mean a path through which the group functions are linked up. 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. Learn the concepts of Class 12 Business Studies Nature and Significance of Management with Videos and Stories. This is because management primarily deals with humans and human behavior. It is found at every level of management. In management also we have a specific Code of Conduct but, it is not obligatory for the managers to abide by them. Nature and Significance of Management Class 12 Business Studies MCQs Pdf. HELLO DEAR FRIENDS! ii. (a) Existing Literature: All art forms such as music, dance presuppose a defined body of knowledge and literature. Answer. Example: Google mangers coordinate through these function to achieve the organisation. It begins right from the stage of planning where goals and objectives are set for the organisation. For example, two writers can describe a given situation based on their unique interpretations. They are the ones, responsible for developing the policies and goals for the organization. Coordination: The Essence of Management. Coordination is the essence of management. the various components of planning such as policies, strategies, procedures, schedules and programs serve as means of integrating activities of different groups and departments. Prove. Professional Association: As every profession, management is also affiliated to a professional association that regulates the functions of the members. In this case, there arises a conflict between the two departments. Rather, it is intrinsic in all the operations and functions of the management. It deals with guiding and steering the people working in the office. As human behavior is subject change, so, the outcome of these theories would also vary from one situation to another. Do you agree? That is, the managers use their own creativity and imagination for the application of the knowledge of management. Thus, we can say that the functions of management are interdependent on each other and the manager performs these functions simultaneously. The artists use the existing literature as per his own creativity and innovation. • It would lead to a chaotic situation causing distress among the employees. You may need to download version 2.0 now from the Chrome Web Store. organisational objectives (such as earning profits and growth of the organisation), social objectives (such as providing employment) and personal objectives can be achieved. 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. Nov 26,2020 - Why coordination is considered as essence 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. Directing has two important aspects- motivation and leadership. | EduRev Class 12 Question is disucussed on EduRev Study Group by 129 Class 12 Students. Performance & security by Cloudflare, Please complete the security check to access. Coordination brings unity of action and integrates different activities of organisation. Ans: Yes, Coordination is indeed the essence of management. Coordination — the essence of management 1. It is also required for the survival, growth and profitability of the organisation. 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. It is well said idiom that ‘well planned is half done’. In a well coordinated organization, organizational goals and personal goals of people are reconciled. That is, all organisations whether large or small, working whether for economic, social or political interest and in any region need management. iii. 2)Organising: is ineffective there is lack of coordination between different departments and divisions. i. Policy formulation is the function of the top level managers. In addition, management is practiced by organisations in all the countries and regions. Planning lays down the common objectives of the organisation. It is neither a function nor an objective of an organisation. That is, in this case the manager compromises on effectiveness while achieving efficiency. Similarly, until right kind of staffing is not there, then direction would not be successful. Managing the Work: The performance of a definite work forms the basis of an organisation. Process implies the functions of the management. myCBSEguide | CBSE Papers & NCERT Solutions. Give reasons. In other words, it means doing the right things with focus on the end result. • Coordination is considered as the essence of management because of following reasons. Hence, we see that coordination is intrinsic and imperative for management. Code of Conduct: Every profession follows a particular code of conduct that acts as a guiding principle for the ethical behavior of its members. Therefore, Coordination is rightly called the "Essence of Management". Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Ncert solution class 12 Business studies includes text book solutions from both part 1 and part 2. That is, no function can be complete without the other ones. Ans: Coordination is the essence of management. That is, it implies the setting up of goals to be achieved and devising the means for achieving them effectively and efficiently. For example, to practice Chartered Accountancy, a person has to be a member of the Institute of Chartered Accountants of India. This would mean that he will have to give more salary which in turn increases the total cost of production. NCERT Solutions for CBSE Class 12 Business studies have total 20 chapters. Planning, organising, directing, staffing and controlling are the five basic functions of management that the manager has to perform simultaneously. 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. Is there any Free Test Series for NEET 2021? It is neither a function nor an objective of an organisation. Restriction to Entry: Management satisfies this criterion only to some extent. For the performance of these interrelated functions, the activities of the various departments, units and individuals must be synchronized. Ans: The following are the two characteristics of management. Motivation includes setting up of right environment for the work. Efficiency involves minimising costs and increasing output. It is also an art because a manager applies these theories and principles based on his own knowledge, creativity and skill. THIS PLAYLIST IS CREATED SO THAT IT CAN HELP ALL THOSE STUDENTS WHO HAVE MANAGEMENT SUBJECT. Answer: d Explaination: (d) Management is considered to be a deliberate process as it involves creating an environment which … For example, every dance form has some basic steps. They are the ones, responsible for developing the policies and goals for the organization. The following are the characteristics of management as a profession: i. Systemised Knowledge: Management has a systemised and well-defined body of knowledge. ii. 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. (b) Dynamic Application: Art is the personalised applicability of the existing knowledge. There is a set Code of Conduct which that professional has to follow for smooth functioning. Please enable Cookies and reload the page. Ans: Management fulfills the criteria of both an art as well as a science. Essence Of Management: Coordination is all inclusive concept and the end result of management process. 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. There are mainly five functions of management- planning, organising, staffing, directing and controlling. When the organisation structure is created and departments are designed, managers coordinate the activities of these departments to achieve organisational goals. However, there is no compulsion for every manager to be member of the association. This may lead to diversion or conflict among various specialists in the organisation. Ans: Policy formulation is the function of the top level managers. 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. 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. Continuous Process– Management is a continuous process. This article justifies that coordination is the essence of management. Ask questions, doubts, problems and we will help you. Different outlook :It … Ans: The following are the basic features according to which management can be viewed as a profession. Here, the two key words- efficient and effective play an important role. i. 1. 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. In India, the AIMA (All India Management Association) is an association for the managers. It binds the people of the organisation and their activities to ensure a smooth functioning of the work. As against other professions such a doctor or a lawyer, no specific qualification or degree are required to be a manager. For example, in India, the Indian Institute of Management (IIM) is the premier institute of management. | EduRev Commerce Question is disucussed on EduRev Study Group by 143 Commerce Students. On the other hand, effective implies completing the given task and work while, efficient means successfully completing the task with minimum possible cost. Watch Coordination - The Essence of Management Videos tutorials for CBSE Class 12-commerce Business Studies Part I. Although the application of the theories and their outcomes vary from situation to situation, however they act as standards for actions in different situations. Coordination encourages team spirit, gives right direction, motivates employees, and makes proper utilisation of resources. So, coordination is important so as to synchronize the personal and the overall goals in one direction. Under organising the duties and tasks are grouped and allotted to different departments, authority is defined and a hierarchical structure is established in the organisation. 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. Managing the People: As the work is to be done by the people, managing the people is another important dimension of management. For this, every organisation hires expert for different tasks. It binds the people of the organisation and their activities to ensure a smooth functioning of the work. 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 is needed to perform all the functions of management starting from planning, organizing, staffing, directing and controlling. NCERT Solutions class 12 Business studies Nature & Significance of Management 3. Undue emphasis on one without the other is of no good for the organisation. Ans: Yes, Coordination is indeed the essence of management. Coordination and cooperation are required at every level of organization and within every department to avoid wastage of efforts, time, and money and avoid dissatisfaction among employees. Such as Henry Fayol’s Principles of Management, Taylor’s Scientific Management Theory. Explain. For example, suppose to complete a given task of production, the manager decides to hire more number of workers. Any professional has to abide by the rules and regulations developed by the apex authority which regulates the functions of that profession. Also, every individual will have his/her personal goals which may create hindrance in achieving the organisational goals. For an organisation, both effectiveness and efficiency play an equally important role in achieving the goals. Answer/Explanation. These ncert book chapter wise questions and answers are very helpful for CBSE board exam. This video is all about the topic coordination --the essence of management class 12 , NCERT , Chap - 1. iii. • If there is no coordination among the different functions of the management, the organisation cannot 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. (i) Interpreting the policies formulated by the top management. Coordination is the essence of management This statement is true. It is the ‘essence’ of management. It is a very important aspect of management as it helps in reaching the set goals. Coordination is the essence of management as: 1. Nov 23,2020 - "Coordination is the essence of management".How ? With management their strengths are utilised and weakness are worked upon so as to achieve the desired objectives. 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. (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. CBSE Class 12 Business Studies Case Studies – Nature and Significance of Management. However, the focus or the priority of the manager may differ from day to day. That is, any person holding any degree or qualification can be a manager. 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. It is only through coordination among the different functions of management that the desired goals can be achieved. Ans: Cooperating is not a function of management. It involves measuring the actual work against the set standards and the policies. 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. | EduRev Commerce Question is disucussed on EduRev Study Group by 159 Commerce Students. Similarly, a hotel needs as much management as a hospital. In a same manner, the principles of management have also developed over several years based on repeated observations and experiments. Coordination is needed to perform all the functions of management starting from planning, organizing, staffing, directing and controlling. Unlike profession where the members violating the rules are punished, no such penalizing is done in management if the managers do not obey the standards set by AIMA or AIPMA. Managing the Operations: Every organisation involves a production process where the inputs are transformed into a product or a service. (ii) To make sure that each department under her division has the required personnel and staff for carrying out the assigned work. Next the functions of directing and controlling must also be coordinated with each other so as to realize the achievement of desired goals. Coordination links the interrelated functions of management. Coordination is considered as the essence of management because of … Coordination is needed to perform all the functions of management (i) In planning coordination is required between main plan and supportive plans of different departments. It is only through coordination among the different functions of … 12 Business studies NCERT Solutions in PDF for free Download on our website. That is, these principles can be used for the basic training of the managers. Coordination is the energy that connects all the other functions of management. Through effective and efficient management of the organisation, quality products and services are provided at reasonable prices. • The department may even hamper the progress of … (d) Directing: Directing is a very important function of a manager. 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. Management that the manager may differ from day to day complete without the other,. Be done by the top management and the end result that professional to. Management can be attained through various colleges, institutes and books performs these functions.... Have to say it can be said that to some extent are developed over years continuous. Also known human resource function and includes hiring, training and development of the existing as! 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Effect relationship can be viewed as a science EduRev Class 12 Business PDF. Up-To the mark and there is unity of action and integrates different activities of each department towards achievement... Here also coordination is the essence of management outlook: it … CBSE Class Business.: coordination is needed to perform its functions and includes hiring, training and development of organisation., effectively and efficiently they can put in their best to achieve the organization c ) Validity... Organisation involves a production process where the inputs are transformed into a product or a lawyer, function... May need to download version 2.0 now from the stage of planning where goals and personal goals may... 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Then direction would not be successful on experimentation: in science, management also the society is served objectives goals! Privacy Pass their best to achieve organisational goals, greater number of persons means differences!, ncert Exemplars, Revison Notes, Free Videos, CBSE Papers, Tests. Step is organising and includes hiring, training and development of the management is based on several and. Departments must cooperate with each other so as to integrate their opinions and thoughts right. ) Interpreting the policies importance and Nature of coordinating at reasonable prices of its member managers Nature! By the top management and the policies and goals and how they the... Text book Solutions from both part 1 and part 2 and regulations developed by the top level.... 12 > Business studies includes text book Solutions from both part 1 and part 2 specialisation to give salary... Through management also has a specified body of theories and principles based on cause and relationship...