Question

Which function of management is often referred to as the essence of management and binds all the other functions? Justify its significance in the function of Planning.

Answer 1

Coordination is referred to as the essence of management and binds all the other functions. Coordination involves unification, integration and synchronization of the efforts of employees within an organisation. In planning, coordination enables the managers to determine the required activities and resources for formulating good plans. Planning also facilitates coordination by integrating various plans through mutual discussion and exchanging ideas.