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Yogita Ingle 5 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.
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Yogita Ingle 5 years, 7 months ago
Demonetization is a process of stripping a currency unit of its status as a legal tender. In simple words, when the Government demonetized the 500 and 1000 rupees notes, they were no longer valid as legal currency. Usually, a new currency replaces the old currency unit/s.
Posted by Abhi Sharma 5 years, 7 months ago
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Yogita Ingle 5 years, 7 months ago
| Effectiveness | Efficiency |
| Effectiveness is about accomplishing a task or producing a desired result | Efficiency is about performing a task in a best possible manner |
| It focuses on achieving the objective | It focuses on maximum result with least time and effort |
| Being effective means doing the right things | Being efficient means doing things in right manner |
| Effectiveness focuses on producing the result | Efficiency focuses on completing task using minimum time, effort and resources |
| Higher quality result can be expected from an effective person | Quick and intelligent work can be expected from an efficient person |
| Effectiveness is primarily concerned about results, not use of resources | Efficiency is primarily concerned on the use of time, energy and resources, not necessarily the results |
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Yogita Ingle 5 years, 7 months ago
According to F W Taylor, “Scientific Management means setting exactly what you want men to do and seeing that they do it in the best and the cheapest way”. Techniques of scientific management includes:
Method study: The objective of method study is to find out one best way of doing the job. There are various methods of doing the job. To determine the best way there are several parameters. Right from procurement of raw materials till the final product is delivered to the customer every activity is part of method study. Taylor devised the concept of assembly line by using method study.
Motion study: Motion study refers to the study of movements like lifting, putting objects, sitting and changing positions etc., which are undertaken while doing a typical job. Unnecessary movements are sought to be eliminated so that it takes less time to complete the job efficiently.
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