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Posted by Samyuktha Sundaresan 7 years ago
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Prateek Seth 7 years ago
Posted by Samyuktha Sundaresan 7 years ago
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Gaurav Seth 7 years ago
Definition: According to French Wendell, “Human resource management is the recruitment, selection, development, utilisation, compensation and motivation of human resources of the organisation”
Prateek Seth 7 years ago
Posted by Raiffel Dias 7 years ago
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Samyuktha Sundaresan 5 years, 10 months ago
Posted by Suriya Mass 7 years ago
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Ravish Choudhry 7 years ago
Sripurna Sanyal 7 years ago
Posted by Abdus Samad 7 years ago
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Posted by Ankit Bisht 7 years ago
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Ankit Bisht 7 years ago
Posted by Samyuktha Sundaresan 7 years ago
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Gaurav Seth 7 years ago
The SEBI was set up to achieve the following objectives:
(i) Regulation of Stock Exchanges: The first objective of SEBI is to regulate stock exchanges so that efficient services may be provided to all the parties operating there.
(ii) Protection to the Investors: The capital market is meaningless in the absence of the investors. Therefore, it is important to protect the interests of the investors. The protection of the interests of the investors means protecting them from the wrong information given by the companies in their prospectus, reducing the risk of delivery and payment, etc. Hence, the foremost objective of the SEBI is to provide security to the investors.
(iii) Checking the Insider Trading: Insider trading means the buying and selling of securities by those persons (Directors, Promoters, etc.) who have some secret information about the company and who wish to take advantage of this secret information. This hurts the interests of the general investors. It was very essential to check this tendency. Many steps have been taken to check inside trading through the medium of the SEBI.
(iv) Control over Brokers: It is important to keep an eye on the activities of the brokers and other middlemen in order to control the capital market. To have a control over them, it was necessary to establish the SEBI.
Posted by Shivali Sharma 7 years ago
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Posted by Mayank Chaudhary 7 years ago
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Aanchal Deswal 7 years ago
Posted by Aanchal Deswal 7 years ago
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Samyuktha Sundaresan 7 years ago
Posted by Deepak Kumar 7 years ago
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Prateek Seth 7 years ago
Posted by Chonyi Dolma 7 years ago
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Posted by Anita Khare 7 years ago
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Posted by Pravakar Laga 7 years ago
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Posted by Pravakar Laga 7 years ago
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Posted by Vibhu Kapoor 7 years ago
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Surbhi Mishra 7 years ago
Manav Gupta 7 years ago
Posted by Aanchal Deswal 7 years ago
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Samyuktha Sundaresan 7 years ago
Surbhi Mishra 7 years ago
Gaurav Seth 7 years ago
Principle of Unity of Command is violated here.
Since the subordinates are receiving orders from different operative heads for same task.
Posted by Poonam Goyal 7 years ago
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Manav Gupta 7 years ago
Posted by Ayushi Pandey 7 years ago
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Aaaa Aaaa 7 years ago
Posted by Sahil Garg 7 years ago
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Posted by Savita Sahu 7 years ago
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Gaurav Seth 7 years 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. Nextthe 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 Savita Sahu 7 years ago
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Samyuktha Sundaresan 7 years ago
Posted by Manan Chugh 7 years ago
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Khushi Rajput 7 years ago
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