Every specialist approaches the tasks in his own unique manner and is generally reluctant to take up any advice or suggestion form others. NCERT Solutions class 12 Business studies Nature & Significance of Management 3. The only difference lies in how it is practiced by different organisations in different regions based on their culture and traditions. Ans: Policy making is not an objective 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. In India, the AIMA (All India Management Association) is an association for the managers. 2. ... CBSE > Class 12 > Business Studies 1 answers; Mayank Garg 1 year, 10 months ago. 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. It begins right from the stage of planning where goals and objectives are set for the organisation. Restriction to Entry: Although no specific qualifications or degrees are required to be a manger, however, professional knowledge in terms of management degrees and diplomas are preferred. 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. The operational management as per the instructions of the middle management directly oversees the actual work process. NCERT Solutions for CBSE Class 12 Business studies have total 20 chapters. That is, the managers use their own creativity and imagination for the application of the knowledge of management. (b) Organising: Once the plan is designed, the next step is organising. 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. • In this case, the manager may complete the allotted task in time but the task would lack efficiency. • The department may even hamper the progress of … It is only through coordination among the different functions of … (b) Theories Based on Experimentation: In science the principles and theories are based on continuous observation and experimentation. • If there is no coordination among the different functions of the management, the organisation cannot be achieved. It binds the people of the organisation and their activities to ensure a smooth functioning … 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. There are mainly five functions of management- planning, organising, staffing, directing and controlling. Coordination is the energy that connects all the other functions of management. In a similar manner, managers use the available theories and principles as per the situation in their own unique manner. 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… Ans: Yes, Coordination is indeed the essence of management. By Coordination, we mean a path through which the group functions are linked up. Coordination - The Essence of Management ,Nature and Significance of Management - Get topics notes, Online test, Video lectures, Doubts and Solutions for CBSE Class 12-commerce on TopperLearning. 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. However, there is no compulsion for every manager to be member of the association. In addition, planning helps in predicting the situations and choosing the best out of various alternatives to deal with the situation. Performance & security by Cloudflare, Please complete the security check to access. (iv) To encourage and motivate the personnel towards achieving the goals. CBSE recommends NCERT books and most of the questions in CBSE exam are asked from NCERT text books. ii. In an organization, the efficient coordination of internal and external components help in reducing the complexities (both internal and external). Efficiency involves minimising costs and increasing output. iv. • Yes, coordination is the essence of management. (a) Systematic Body of Knowledge: Science has a specified body of knowledge which is based on cause and effect relationship. This knowledge can be attained through various colleges, institutes and books. Ans: Management is said to be multi-faceted concept as it is a complex process involving not just one but various dimensions. Coordination helps in the accomplishment of organizational goals. However, the focus or the priority of the manager may differ from day to day. Co-ordination brings unity of action and integrates different activities of organisation. Similarly, management is also affiliated to a professional association that regulates the functions of the members. iii. Ans: Policy formulation is the function of the top level managers. You may need to download version 2.0 now from the Chrome Web Store. Management as a course is offered by many colleges and professional institutes. Similarly, until right kind of staffing is not there, then direction would not be successful. iii. To some extent, this restricts the entry of people in management as a profession. 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. Through good management, the production takes place in an effective and efficient manner and quality goods and services are provided to the society at a fair price. Professional Association: As every profession, management is also affiliated to a professional association that regulates the functions of the members. CBSE Class 12 Business Studies Case Studies – Nature and Significance of Management. It is neither a function nor an objective of an organisation. Therefore, Coordination is rightly called the "Essence of Management". i. Coordination is needed to perform all the functions of management starting from planning, organizing, staffing, directing and controlling. For example, to practice Chartered Accountancy, a person has to be a member of the Institute of Chartered Accountants of India. Revise Business Studies Part I chapters using videos at TopperLearning - 75681 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. | EduRev Commerce Question is disucussed on EduRev Study Group by 643 Commerce Students. By Coordination, we mean a path through which the group functions are linked up. When the organisation structure is created and departments are designed, managers coordinate the activities of these departments to achieve organisational goals. Thus, coordination is required from an outside body such as the manager so as to integrate their opinions and thoughts. There are three main dimensions of management. For example, suppose to complete a given task of production, the manager decides to hire more number of workers. With growth of the organisation, its size increases and the number of personnel also increases. 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. Coordination is needed to perform all the functions of management starting from planning, organizing, staffing, directing and controlling. Rather, it is intrinsic in all the operations and functions of the management. Undue emphasis on one without the other is of no good for the organisation. Here, the two key words- efficient and effective play an important role. This is achieved by praising and criticising the work as and when required. Proper organisation leads to both effectiveness and efficiency in the organisation. (c) Practice and Creativity: Art involves practice and innovation. For example, in India, the Indian Institute of Management (IIM) is the premier institute of management. Answer: d Explaination: (d) Management is considered to be a deliberate process as it involves creating an environment which … This would mean that he will have to give more salary which in turn increases the total cost of production. THIS PLAYLIST IS CREATED SO THAT IT CAN HELP ALL THOSE STUDENTS WHO HAVE MANAGEMENT SUBJECT. 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 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. As against other professions such a doctor or a lawyer, no specific qualification or degree are required to be a manager. (a) Existing Literature: All art forms such as music, dance presuppose a defined body of knowledge and literature. However, as against science, in management no exact cause and effect relationship can be established. Coordination: The Essence of Management. Coordination: The Essence of Management: Coordination brings unity of action and integrates different activities of organisation. Management is considered to be both an art and a science. Define coordination in management; Discuss the features of coordination in management.,Explain the meaning, importance and nature of coordinating. The following are the characteristics of management as a profession: i. Systemised Knowledge: Management has a systemised and well-defined body of knowledge. The knowledge of management can be attained through various colleges, institutes and books. (i) Interpreting the policies formulated by the top management. (iii) To assign the necessary duties to the persons working in various departments. They are the ones, responsible for developing the policies and goals for the organization. The artists use the existing literature as per his own creativity and innovation. On the other hand, effective implies completing the given task and work while, efficient means successfully completing the task with minimum possible cost. As human behavior is subject change, so, the outcome of these theories would also vary from one situation to another. Controlling also takes care that if there arises any error or discrepancy then, appropriate measures are taken to rectify it. It is based on several theories and principles that are developed over years with continuous experimentation and observation. (ii) To make sure that each department under her division has the required personnel and staff for carrying out the assigned work. Watch Coordination - The Essence of Management Videos tutorials for CBSE Class 12-commerce Business Studies Part I. (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. (a) Planning: Planning implies deciding what work is to be done, who is to do it and how it is to be done. That is, it can be said that policy making is the path through which the objectives of a management i.e. Ans: Yes, Coordination is indeed the essence of management. Similarly, management also has a lot of literature for theoretical knowledge and learning. There is a set Code of Conduct which that professional has to follow for smooth functioning. 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 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. 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. Staffing implies hiring the right kind of people with the required qualification for the work. 2)Organising: is ineffective there is lack of coordination between different departments and divisions. This helps in finally achieving the goals in time, effectively and efficiently. It involves measuring the actual work against the set standards and the policies. 1. 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. In this case, there arises a conflict between the two departments. For example, a corporate firm requires management as does a non-profit organisation. It is the common thread that runs through all activities such as purchase, production, sales, and finance to ensure continuity in the working of … In addition to this, these functions are interrelated and each one is a function of the other. That is, these principles can be used for the basic training of the managers. Continuous Process– Management is a continuous process. It is only through coordination among the different functions of management that the desired goals can be achieved. Thus, we can say that the functions of management are interdependent on each other and the manager performs these functions simultaneously. 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. Ask questions, doubts, problems and we will help you. 12 Business studies NCERT Solutions in PDF for free Download on our website. (c) Interdependence of Divisions: An organisation has various departments and sub-departments such as production, sales, finance, etc. Various theories and principles have been developed in management. 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. • It would lead to a chaotic situation causing distress among the employees. Download NCERT solutions for Nature & Significance of Management as PDF. In management also the theories and principles are valid to some extent if not universal. Coordination brings unity of action and integrates different activities of organisation. It involves dealing with the employees both as an individual and as groups or teams. Managing the Operations: Every organisation involves a production process where the inputs are transformed into a product or a service. It is neither a function nor an objective of an organisation. Coordination is the essence of management. Pervasive: Management is pervasive to all organisations across size, characteristics and region. (c) Universal Validity: In science, the principles have universal validity. Coordination encourages team spirit, gives right direction, motivates employees, and makes proper utilisation of resources. For this, every organisation hires expert for different tasks. While on one day, the manger mat devotes more time towards planning, while on other day more time may be spent on controlling. Ans: Ritu being the manager of the northern division of the organisation is in the middle-level management. | EduRev Class 12 Question is disucussed on EduRev Study Group by 129 Class 12 Students. (d) Directing: Directing is a very important function of a manager. With management their strengths are utilised and weakness are worked upon so as to achieve the desired objectives. ESSENTIAL POINTS TO SOLVE CASE STUDIES Concept of management Management is the process of getting work done from others effectively as well as efficiently by involving functions of management to achieve organisational goals. Ncert solution class 12 Business studies includes text book solutions from both part 1 and part 2. Is there any Free Test Series for NEET 2021? 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. i. That is, it implies the setting up of goals to be achieved and devising the means for achieving them effectively and efficiently. 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. They are the ones, responsible for developing the policies and goals for the organization. CBSE > Class 12 > Business Studies 1 answers; Gaurav Seth 1 year, 8 months ago. • Therefore, there is unity of action among the employees, groups, and departments. This is because management primarily deals with humans and human behavior. Example: Google mangers coordinate through these function to achieve the organisation. On the other hand, if the manger continues to work with the available workers so as not to increase the cost, then this would result in the delay of the project. Staffing is also known human resource function and includes hiring, training and development of the people. 1. For example, every dance form has some basic steps. (b) Allotted Work: Each task requires specialisation to give the requisite results. That is, the various functions of management (planning, organising, directing, staffing and controlling) are performed simultaneously by the managers. Your IP: 37.251.160.177 Ans: The following are the basic features according to which management can be viewed as a profession. But, it is not requisite for managers to be a part of them. myCBSEguide | CBSE Papers & NCERT Solutions. This video is all about the topic coordination --the essence of management class 12 , NCERT , Chap - 1. NCERT Solutions class 12 Business studies Nature & Significance 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. She and other mangers like her act as a link between the top management and the operational management. 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. Hence, we see that coordination is intrinsic and imperative for management. Prove. So, coordination is important so as to synchronize the personal and the overall goals in one direction. Ans: Management fulfills the criteria of both an art as well as a science. Answer. 12. Similarly, a hotel needs as much management as a hospital. 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. It is the stepping stone for management of any organisation. Directing has two important aspects- motivation and leadership. Process implies the functions of the management. Efficiency on the other hand, means completing the task with minimum possible costs and resources. By Coordination, we mean a path through which the group functions are linked up. organisational objectives (such as earning profits and growth of the organisation), social objectives (such as providing employment) and personal objectives can be achieved. It also brings harmony in carrying out the different tasks and activities to achieve the organization’s objectives efficiently. 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. Organising implies indentifying what tasks and resources are required for the execution of the plan. (b) Dynamic Application: Art is the personalised applicability of the existing knowledge. 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. ii. It binds the people of the organisation and their activities to ensure a smooth functioning of the work. It is also required for the survival, growth and profitability of the organisation. For the performance of these interrelated functions, the activities of the various departments, units and individuals must be synchronized. For example, in India the AIMA (All India Management Association) regulates the functioning of its member managers. Ans: Management is both an art and a science. Every department works independently and with its own policies and objectives. Do you agree? Essence Of Management: Coordination is all inclusive concept and the end result of management process. For example, two writers can describe a given situation based on their unique interpretations. Coordination is considered as the essence of management because of … Nov 23,2020 - "Coordination is the essence of management".How ? 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. ii. Coordination is the essence of management This statement is true. 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. That is, planning, organising, staffing, directing and controlling. HELLO DEAR FRIENDS! 1 – Nature and Significance of Management, Management as Science, Art and Profession. | EduRev Commerce Question is disucussed on EduRev Study Group by 143 Commerce Students. These ncert book chapter wise questions and answers are very helpful for CBSE board exam. That is, in this case the manager compromises on effectiveness while achieving efficiency. Nov 12,2020 - Coordination is the essence of management how.? Coordination links the interrelated functions of management. Restriction to Entry: Management satisfies this criterion only to some extent. It is found at every level of management. Also, every individual will have his/her personal goals which may create hindrance in achieving the organisational goals. Give reasons. That is, no function can be complete without the other ones. Depending upon how we define coordination, I would have to say it can be the essence of management. It is that force which unites the working and efforts of the people of the organisation towards the common objective of the organisation. Yes, Coordination is indeed the essence of management. It is also an art because a manager applies these theories and principles based on his own knowledge, creativity and skill. For an organisation, both effectiveness and efficiency play an equally important role in achieving the goals. Thus, we can say that management is a multi-faceted process covering various dimensions simultaneously. (v) Coordinating with the functions of other division heads. Hence, it is necessary to maintain a balance between effectiveness and efficiency. Thus, it can be said that to some extent management satisfies the criterion for it to be called a profession. Another way to prevent getting this page in the future is to use Privacy Pass. Relation: coordination is the essence of management, Taylor ’ s management. Set standards and the overall goals in one direction Taylor ’ s principles of management one of important goals ensure. The personalised applicability of the management is both an art as well as a profession help you concept. Download ) Free from myCBSEguide app and myCBSEguide website differ from day to day degree or can... Cbse Class 12 > Business studies includes text book Solutions from both part 1 and part 2 while the. This is because management primarily deals with humans and human behavior the common objective an. Organizing, staffing and controlling ones, responsible for developing the policies and goals for organisation! 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