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Write Short Answer of the Following : Write a Note on Importance of Co-ordination - Organisation of Commerce and Management

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Question

Write short answer of the following :
Write a note on Importance of co-ordination.

Short/Brief Note
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Solution

The importance of the co-ordinating function can be explained through the following points:
i. Harmonised goals - Coordination synchronises personal goals of the individuals and the overall goals of the organisation.
ii. Allotted work - Coordination integrates the opinions and thoughts of various specialists and departments of th organisation so as to avoid any diversion or conflict among them.
iii. Optimum utilisation of resources - The coordination function helps in optimum utilisation of resources by bringing together all the elements, i.e. human or non-human, and minimising the wastage of efforts and resources.
iv. Improves goodwill - Coordinating activities and functions of management helps in achieving the goals effectively and efficiently. This in turn helps in improving the goodwill of the organisation in the market.
v. Interdependence of divisions - As an organisation has various independent departments such as production, sales and finance, coordination is needed to synchronise their activities for the achievement of the common goals.

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Chapter 7: Functions of Management - Write short answer of the following [Page 174]

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Micheal Vaz Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
Chapter 7 Functions of Management
Write short answer of the following | Q 5 | Page 174
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