ABCD Inc. is a company which …

Coordination Benefits in Management  myCBSEguide myCBSEguide No products in the cart. Homework Help CBSE Class 12 Business Studies ABCD Inc. is a company which … CBSE, JEE, NEET, CUET CBSE, JEE, NEET, CUET Question Bank, Mock Tests, Exam Papers NCERT Solutions, Sample Papers, Notes, Videos ABCD Inc. is a company which deals with providing car service at home and on road. There are different departments in this company like Human Resources, Marketing, Finance, Research & Development and Operations. The top management of the company tries its level best to synchronize the activities of different departments in the best possible manner. The result is the increased efficiency and attainment of goals. However with the passing of time the size of the company has grown and now there are many branches of this company. The synchronization has turned more important with the increase in the size of the company and the number of employees. The Departmental Heads of the company are specialists in their respective areas and the top management tries to work with them not with authority but by respecting their views on the subject. Their ego clashes are avoided to ensure smooth functioning of the organization. Identify the concept of management highlighted above. Write and explain two benefits highlighted in the above paragraph of this concept. ChatGPT The concept of management highlighted in the given paragraph is "Coordination." Coordination is the process of synchronizing and integrating the activities of different departments and individuals within an organization to ensure the achievement of common goals. It involves harmonizing the efforts and resources of various parts of the organization towards a unified direction. Two benefits highlighted in the paragraph regarding the concept of coordination are: Increased efficiency: The synchronization of activities through coordination helps in improving the overall efficiency of the organization. By aligning the efforts of different departments, resources can be utilized optimally, duplication of work can be minimized, and conflicts or redundancies can be avoided. This leads to better utilization of time, effort, and resources, ultimately enhancing the productivity and efficiency of the organization. Attainment of goals: Effective coordination enables the organization to achieve its goals more effectively. When different departments work together in a coordinated manner, they complement each other's efforts and contribute towards the overall success of the organization. Coordination ensures that the efforts of individual departments are aligned with the broader organizational objectives, resulting in a cohesive and focused approach towards goal attainment. It helps in avoiding conflicts and promoting a collaborative work environment, where everyone is working towards a common vision. Overall, coordination plays a crucial role in managing the interdependencies among different departments and individuals, facilitating efficient operations and goal achievement in a growing organization like ABCD Inc.