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NATURE AND SIGNIFICANCE OF MANAGEMENT — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMNATURE AND SIGNIFICANCE OF MANAGEMENT3 Marks
Question
Discuss the importance of co-ordination.
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Answer

Importance of co-ordination:
  1. Co-ordination makes management functions like planning, organizing, directing, controlling, etc. effective.
  2. Co-ordination makes possible smooth functioning of all the business activities.
  3. When there is proper co-ordination then neither any work remains incomplete nor any work gets duplicated.
  4. Co-ordination maintains harmony among various departments of management.
  5. Co-ordination enables to maintain a balance between order and time of business activities performed by various departments.
  6. Co-ordination enables accomplishment of pre-decided objectives.

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