Question

explain any three importance of the essence of management​

Answer 1

Answer:

1. Meaning of Coordination

Coordination is a continuous process by which a manager integrates the inter-related activities of different departments in order to achieve the common organisational goals.

2. Features/Nature of Coordination

(i) Integration of group efforts          (ii) Unity of action

(iii)Continuous process                   (iv) All pervasive function

(v) Deliberate function                    (vi) Responsibility of all managers

3. Importance of Coordination

(i) Growth in size To integrate individual goals with organisational goals.

(ii) Functional differentiation To ensure unity of action among interdependent departments like finance, production, marketing, etc.

(iii) Specialisation To eliminate conflict and integrate efforts of various specialists in the organisation

Explanation:

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Answer 2

It helps in Achieving Group Goals - It arranges the factors of production, assembles and organizes the resources, integrates the resources in effective manner to achieve goals. It directs group efforts towards achievement of pre-determined goals.

Reduces Costs - It gets maximum results through minimum input by proper planning and by using minimum input & getting maximum output.

Establishes Equilibrium - It enables the organization to survive in changing environment. It keeps in touch with the changing environment.

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