Question

Vijay works in bank. the bank is about to lose its position as the leading bank in the banking industry. vijay was assigned to find out the reason behind poor performance of the bank. he analysed the situation and came out with the conclusion that there was lack of integration of efforts made by various departments like human resource, information technology and consumer relationship. identify the managerial concept discussed in the above case option: a) cooperation b) coordination c)effectiveness d) efficiency

Answer 1

Answer:

Coordination is the managerial concept discussed in the above case.

Explanation:

Unity of action is the necessary feature of Coordination that the bank needs.

The importance of Coordination that is relevant in this context is Growth in size.

Answer 2

Concept Introduction:

According to James A.F. Stoner  : “Management is the process of planning, organizing, leading and controlling the efforts of organization members and of using all other organizational resources to achieve stated organizational goals”.

Explanation:

Unity of action is the necessary feature of Coordination that the bank needs.

The importance of Coordination that is relevant in this context is Growth in size.

Final Answer:

Coordination is the managerial concept discussed in the above case.

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