Download NCERT solutions for Nature & Significance of Management as PDF. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. As human behavior is subject change, so, the outcome of these theories would also vary from one situation to another. (b) Dynamic Application: Art is the personalised applicability of the existing knowledge. It also brings harmony in carrying out the different tasks and activities to achieve the organization’s objectives efficiently. Process implies the functions of the management. Coordination links the interrelated functions of management. There is a set Code of Conduct which that professional has to follow for smooth functioning. This may lead to diversion or conflict among various specialists in the organisation. 1 – Nature and Significance of Management, Management as Science, Art and Profession. iv. Managing the People: As the work is to be done by the people, managing the people is another important dimension of management. Code of Conduct: Every profession follows a particular code of conduct that acts as a guiding principle for the ethical behavior of its members. NCERT Solutions for CBSE Class 12 Business studies have total 20 chapters. | EduRev Class 12 Question is disucussed on EduRev Study Group by 129 Class 12 Students. Management is considered to be both an art and a science. 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. 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. Hence, it is necessary to maintain a balance between effectiveness and efficiency. As against other professions such a doctor or a lawyer, no specific qualification or degree are required to be a manager. Managing the Operations: Every organisation involves a production process where the inputs are transformed into a product or a service. Successful organisations do not achieve goals by chance but by following a deliberate process known as (a) Planning (b) Co-ordination (c) Controlling (d) Management. 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. However, alike other profession through management also the society is served. organisational objectives (such as earning profits and growth of the organisation), social objectives (such as providing employment) and personal objectives can be achieved. Explain. It binds the people of the organisation and their activities to ensure a smooth functioning of the work. Thus, cooperating is the means through which the management is able to perform its functions. Therefore, there is unity of action among the employees, groups, and departments. Any organisation requires specialised personnel for the accomplishment of the tasks. In a similar manner, managers use the available theories and principles as per the situation in their own unique manner. Save my name, email, and website in this browser for the next time I comment. Every specialist approaches the tasks in his own unique manner and is generally reluctant to take up any advice or suggestion form others. That is, if the company focuses on effectiveness, it may have to compromise on efficiency and vice-versa. 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. Thus, coordination is required from an outside body such as the manager so as to integrate their opinions and thoughts. That is, each individual uses the basic knowledge in his own creative way. Efficiency involves minimising costs and increasing output. Depending upon how we define coordination, I would have to say it can be the essence of management. Example: Google mangers coordinate through these function to achieve the organisation. Watch Coordination - The Essence of Management Videos tutorials for CBSE Class 12-commerce Business Studies Part I. Do you agree? Thus, here also coordination is needed to synchronise the activities of each department towards the achievement of common goals of the organisation. Management as a course is offered by many colleges and professional institutes. Ans: Yes, Coordination is indeed the essence of management. That is, it implies the setting up of goals to be achieved and devising the means for achieving them effectively and efficiently. ... CBSE > Class 12 > Business Studies 1 answers; Mayank Garg 1 year, 10 months ago. That is, any person holding any degree or qualification can be a manager. Coordination encourages team spirit, gives right direction, motivates employees, and makes proper utilisation of resources. Hence, we see that coordination is intrinsic and imperative for management. It binds the people of the organisation and their activities to ensure a smooth functioning … (a) Systematic Body of Knowledge: Science has a specified body of knowledge which is based on cause and effect relationship. Coordination is considered as the essence of management because of … Ans: Coordination is the essence of management. Coordination is regarded as an essence of management rather than a separate function of manager because of following reasons: 1. That is, the different departments must cooperate with each other and work in a coordinated manner. For example, every dance form has some basic steps. While on one day, the manger mat devotes more time towards planning, while on other day more time may be spent on controlling. Therefore, Coordination is rightly called the "Essence of Management". For example, a corporate firm requires management as does a non-profit organisation. Nov 12,2020 - Coordination is the essence of management how.? That is, these principles can be used for the basic training of the managers. NCERT Solutions Class 12 Business studies PDF (Download) Free from myCBSEguide app and myCBSEguide website. Through effective and efficient management of the organisation, quality products and services are provided at reasonable prices. Ans: Management is both an art and a science. That is, planning, organising, staffing, directing and controlling. ii. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. ii. On the other hand, effective implies completing the given task and work while, efficient means successfully completing the task with minimum possible cost. Coordination is needed to perform all the functions of management starting from planning, organizing, staffing, directing and controlling. 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. Coordination is the base or primary function of every manager because various departments of an organisation are working independently and there is need to relate and integrate their activities. 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. It is also required for the survival, growth and profitability of the organisation. When the organisation structure is created and departments are designed, managers coordinate the activities of these departments to achieve organisational goals. It is only through coordination among the different functions of management that the desired goals can be achieved. 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. Managing the Work: The performance of a definite work forms the basis of an organisation. Leadership on the other hand, implies getting the work done as per the directions of the leader. 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. (i) Interpreting the policies formulated by the top management. Organising implies indentifying what tasks and resources are required for the execution of the plan. They are the ones, responsible for developing the policies and goals for the organization. Pervasive: Management is pervasive to all organisations across size, characteristics and region. Thus, coordination can be considered as the core function of management which ensures that all the factors in the business work together smoothly. Also, every individual will have his/her personal goals which may create hindrance in achieving the organisational goals. Coordination: The Essence of Management. Yes, Coordination is indeed the essence of management. That is, the managers use their own creativity and imagination for the application of the knowledge of management. 12 Business studies NCERT Solutions in PDF for free Download on our website. That is, the various functions of management (planning, organising, directing, staffing and controlling) are performed simultaneously by the managers. Ans: The following are the basic features according to which management can be viewed as a profession. Answer. Cloudflare Ray ID: 60eaad9eccc7b6de • If there is no coordination among the different functions of the management, the organisation cannot be achieved. It is based on several theories and principles that are developed over years with continuous experimentation and observation. For an organisation, both effectiveness and efficiency play an equally important role in achieving the goals. The artists use the existing literature as per his own creativity and innovation. Ans: Management fulfills the criteria of both an art as well as a science. 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: Policy making is not an objective of management. Effectiveness means completing the given work in the required time. However, greater number of persons means more differences in thoughts and work habits that may lead to disharmony among people. Nature and Significance of Management Class 12 Business Studies MCQs Pdf. Here, the two key words- efficient and effective play an important role. Your IP: 37.251.160.177 In addition, planning helps in predicting the situations and choosing the best out of various alternatives to deal with the situation. This article justifies that coordination is the essence of management. Answer/Explanation. Answer: d Explaination: (d) Management is considered to be a deliberate process as it involves creating an environment which … It is also an art because a manager applies these theories and principles based on his own knowledge, creativity and skill. So, coordination is important so as to synchronize the personal and the overall goals in one direction. By Coordination, we mean a path through which the group functions are linked up. Is there any Free Test Series for NEET 2021? Restriction to Entry: Management satisfies this criterion only to some extent. Sample Paper all are made available through the best app for CBSE students and myCBSEguide website. Any professional has to abide by the rules and regulations developed by the apex authority which regulates the functions of that profession. i. (c) Practice and Creativity: Art involves practice and innovation. Thus, it can be said that to some extent management satisfies the criterion for it to be called a profession. For example, in India, the Indian Institute of Management (IIM) is the premier institute of management. In India, the AIMA (All India Management Association) is an association for the managers. Prove. Staffing implies hiring the right kind of people with the required qualification for the work. • (b) Theories Based on Experimentation: In science the principles and theories are based on continuous observation and experimentation. (d) Directing: Directing is a very important function of a manager. Coordination and cooperation are required at every level of organization and within every department to avoid wastage of efforts, time, and money and avoid dissatisfaction among employees. Staffing is also known human resource function and includes hiring, training and development of the people. 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. (v) Coordinating with the functions of other division heads. 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. It is only through coordination among the different functions of … CBSE recommends NCERT books and most of the questions in CBSE exam are asked from NCERT text books. Class 12 Business studies chapter wise NCERT solution for Business studies part 1 and Business studies part 2 for all the chapters can be downloaded from our website and myCBSEguide mobile app for free. It is the common strand that runs through all actions such as production, purchase, finance and sales to assure perpetuity in the functioning of the establishment. Ans: In the words of ‘Robert L. Trewelly and M. Gene Newport’, management is defined as the process of planning, organising, actuating, and controlling an organisation’s operations in order to achieve coordination of the human and material resources essential in the effective and efficient attainment of objectives. Define coordination in management; Discuss the features of coordination in management.,Explain the meaning, importance and nature of coordinating. (c) Interdependence of Divisions: An organisation has various departments and sub-departments such as production, sales, finance, etc. Under organising the duties and tasks are grouped and allotted to different departments, authority is defined and a hierarchical structure is established in the organisation. However, there is no compulsion for every manager to be member of the association. (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. 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. Co-ordination brings unity of action and integrates different activities of organisation. Learn the concepts of Class 12 Business Studies Nature and Significance of Management with Videos and Stories. iii. Revise Business Studies Part I chapters using videos at TopperLearning - 75681 It is well said idiom that ‘well planned is half done’. It is neither a function nor an objective of an organisation. iii. 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. CBSE > Class 12 > Business Studies 1 answers; Gaurav Seth 1 year, 8 months ago. Various theories and principles have been developed in management. While on one hand, being effective implies actually achieving the goals, on the other hand, being efficient would reduce the cost and thereby, increase profits. It begins right from the stage of planning where goals and objectives are set for the organisation. Give reasons. Professional Association: As every profession, management is also affiliated to a professional association that regulates the functions of the members. It involves dealing with the employees both as an individual and as groups or teams. This video is all about the topic coordination --the essence of management class 12 , NCERT , Chap - 1. Continuous Process– Management is a continuous process. This helps in finally achieving the goals in time, effectively and efficiently. Coordination helps in the accomplishment of organizational goals. This knowledge can be attained through various colleges, institutes and books. 12. Coordination is is the essence of management because : ... CASE 12. It involves measuring the actual work against the set standards and the policies. 1. Nov 26,2020 - Why coordination is considered as essence of management ? Ans: Ritu being the manager of the northern division of the organisation is in the middle-level management. 1. 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 • The department may even hamper the progress of … By Coordination, we mean a path through which the group functions are linked up. Which is not a function of management of the following? It includes motivating them in the right direction so that they can put in their best to achieve the goals. It deals with guiding and steering the people working in the office. Jun 20,2020 - Coordination is the essence if management???how? 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. To download NCERT Solutions for class 12 Physics, Chemistry, Biology, History, Political Science, Economics, Geography, Computer Science, Home Science, Accountancy, Business Studies and Home Science; do check myCBSEguide app or website. Coordination is the essence of management This statement is true. For example, to practice Chartered Accountancy, a person has to be a member of the Institute of Chartered Accountants of India. In a well coordinated organization, organizational goals and personal goals of people are reconciled. It also ensures that the work is up-to the mark and there is no diversion or errors from the set targets. In other words, it means doing the right things with focus on the end result. 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. Rather, it is intrinsic in all the operations and functions of the management. Coordination is the essence of management. (b) Organising: Once the plan is designed, the next step is organising. Ans: Management is 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. However, the entry is restricted as persons with professional management degree or diploma are preferred. Ans: The following are the two characteristics of management. i. (e) Controlling: Once the above functions are done, it is necessary to control and check that the work is moving in the right direction. ii. (ii) To make sure that each department under her division has the required personnel and staff for carrying out the assigned work. • There are mainly five functions of management- planning, organising, staffing, directing and controlling. With management their strengths are utilised and weakness are worked upon so as to achieve the desired objectives. | EduRev Commerce Question is disucussed on EduRev Study Group by 143 Commerce Students. 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. You may need to download version 2.0 now from the Chrome Web Store. 1. With management this work is interpreted in terms of the objectives and goals and how they are to be achieved. Essence Of Management: Coordination is all inclusive concept and the end result of management process. For the performance of these interrelated functions, the activities of the various departments, units and individuals must be synchronized. The knowledge of management can be attained through various colleges, institutes and books. | EduRev Commerce Question is disucussed on EduRev Study Group by 159 Commerce Students. Coordination is the essence of management. Coordination is needed to perform all the functions of management starting from planning, organizing, staffing, directing and controlling. Human Relation: Coordination helps to improve team spirit and morale of employees. Rather, it is intrinsic in all the operations and functions of the management. (iii) To assign the necessary duties to the persons working in various departments. (iv) To encourage and motivate the personnel towards achieving the goals. Conduct which that professional has to follow for smooth functioning of the organisation the countries and regions achieving... 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