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Posted by Bindiya Bhandari 4 years, 7 months ago
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Posted by Nishi Kumari 4 years, 7 months ago
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Yogita Ingle 4 years, 7 months ago
| Basis | Effectiveness | Efficiency |
| (1) Meaning | It refers to the completion of work on time.
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It refers to the completion of work correctively with minimum cost and maximum profit |
| (2) In simple words | It simply means doing right things | It simply means doing things rightly(i.e. in cheaper and faster manner) |
| (3) Objective | To achieve end results on time | Perform ing task with least waste of time and effort(cost) |
| (4) Main Focus | Time | Cost |
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(5) Example
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Mr. Ram (a salesman) achieved the target of 10000 units but not in the given time.
We can say that Ram is effective but not efficient |
Mr. Rahim (a salesman) achieved the target of 20000 units (double of the target assigned) in a given time.
We can say that Rahim is efficient |
Posted by Avneet Kaur 4 years, 7 months ago
- 2 answers
Posted by Saroj Paswan 4 years, 7 months ago
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Yogita Ingle 4 years, 7 months ago
Types of Plans
(i) Objectives Objectives are the ends towards which the activities are directed. They axe the end result of every activity. e.g., increase in sale by 10%.
(ii) Strategy A strategy is a comprehensive plan to achieve the organisational objectives.
(iii) Policies Policies are genera] statements that guide thinking or channelise energies towards a particular direction.
(iv) Procedures Procedures are required steps established in advance to handle future conditions. The procedure can be defined as the exact manner in which an activity has to be accomplished.
(v) Method Methods provide the prescribed ways or manner in which a task has to be performed considering the objective.
(vi) Rule Rules are specific statements that inform what is to be done. They do not allow for any flexibility or discretion.
Posted by Saroj Paswan 4 years, 7 months ago
- 1 answers
Yogita Ingle 4 years, 7 months ago
Types of Plans
(i) Objectives Objectives are the ends towards which the activities are directed. They axe the end result of every activity. e.g., increase in sale by 10%.
(ii) Strategy A strategy is a comprehensive plan to achieve the organisational objectives.
(iii) Policies Policies are genera] statements that guide thinking or channelise energies towards a particular direction.
(iv) Procedures Procedures are required steps established in advance to handle future conditions. The procedure can be defined as the exact manner in which an activity has to be accomplished.
(v) Method Methods provide the prescribed ways or manner in which a task has to be performed considering the objective.
(vi) Rule Rules are specific statements that inform what is to be done. They do not allow for any flexibility or discretion.
Posted by Prashant Patel 4 years, 7 months ago
- 1 answers
Yogita Ingle 4 years, 7 months ago
(a) Systematic Body of Knowledge: Science has a specified body of knowledge which is based on cause and effect relationship. Similarly, management has its own body of theories and principles that are developed over years. In addition, similar to other disciplines of science, management also has its own vocabulary.
(b) Theories Based on Experimentation: In science the principles and theories are based on continuous observation and experimentation. In a same manner, the principles of management have also developed over several years based on repeated observations and experiments. However, as against science, in management no exact cause and effect relationship can be established. This is because management primarily deals with humans and human behavior. As human behavior is subject change, so, the outcome of these theories would also vary from one situation to another. 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.
Posted by Prerna Sharma 4 years, 7 months ago
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Posted by Prerna Sharma 4 years, 7 months ago
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Posted by Prerna Sharma 4 years, 7 months ago
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Posted by Avneet Kaur 4 years, 7 months ago
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Meghna Thapar 4 years, 7 months ago
Resource management is important because:
- It provides you with an overview of everyone and everything involved in your project;
- It enables utilization planning;
- It makes the planning and management process more transparent;
- It helps you see problems before they start;
- It gives you control over your project.
Posted by Chirag Malhotra 4 years, 7 months ago
- 1 answers
Meghna Thapar 4 years, 7 months ago
The purpose of management is to serve customers. The Need for Management: Management is needed in order to coordinate the activities of a business and make sure all employees are working together toward the accomplishment of the organization's goals.
Posted by Sudhakar Tiwari 4 years, 7 months ago
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Avneet Kaur 4 years, 7 months ago
Posted by Jashandeep Singh 4 years, 7 months ago
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Posted by Anjali Aggarwal 4 years, 7 months ago
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Posted by Navneet Chouhan 4 years, 7 months ago
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Meghna Thapar 4 years, 7 months ago
The main objectives of management are: Getting Maximum Results with Minimum Efforts - The main objective of management is to secure maximum outputs with minimum efforts & resources. Maximum Prosperity for Employer & Employees - Management ensures smooth and coordinated functioning of the enterprise.
Posted by Unknown Person 4 years, 7 months ago
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Vivek Verma 3 years, 10 months ago
Posted by Satish Kumar 4 years, 7 months ago
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Srishti ? 4 years, 7 months ago
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Vishal Sharma 4 years, 7 months ago
Posted by Karthe Vengatesh 4 years, 7 months ago
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Prerna Sharma 4 years, 7 months ago
Posted by Sudha Verma 4 years, 7 months ago
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Sunny Kumar 4 years, 7 months ago
Yogita Ingle 4 years, 7 months ago
Yes, Coordination is indeed the essence of management. By Coordination, we mean a path through which the group functions are linked up. It binds the people of the organisation and their activities to ensure a smooth functioning of the work. It is that force which unites the working and efforts of the people of the organisation towards the common objective of the organisation. Coordination links the interrelated functions of management. It is found at every level of management. It begins right from the stage of planning where goals and objectives are set for the organisation. 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. Next the functions of directing and controlling must also be coordinated with each other so as to realize the achievement of desired goals.
The following points highlight the importance of coordination in management.
(a) Harmonized Goals: In any organisation, growth is one of important goals. With growth of the organisation, its size increases and the number of personnel also increases. However, greater number of persons means more differences in thoughts and work habits that may lead to disharmony among people. Also, every individual will have his/her personal goals which may create hindrance in achieving the organisational goals. So, coordination is important so as to synchronize the personal and the overall goals in one direction.
(b) Allotted Work: Each task requires specialisation to give the requisite results. For this, every organisation hires expert for different tasks. Every specialist approaches the tasks in his own unique manner and is generally reluctant to take up any advice or suggestion form others. This may lead to diversion or conflict among various specialists in the organisation. Thus, coordination is required from an outside body such as the manager so as to integrate their opinions and thoughts.
(c) Interdependence of Divisions: An organisation has various departments and sub-departments such as production, sales, finance, etc. Every department works independently and with its own policies and objectives. 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. In this case, there arises a conflict between the two departments. Thus, here also coordination is needed to synchronise the activities of each department towards the achievement of common goals of the organisation.
Hence, we see that coordination is intrinsic and imperative for management. It is the ‘essence’ of management.
Posted by Tannu Wwe 4 years, 7 months ago
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Posted by Gs Industries 4 years, 7 months ago
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Posted by Ritu Purvey 4 years, 7 months ago
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Deeksha Oli 4 years, 7 months ago
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Vipin Nagar 4 years, 7 months ago
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