Nature and Significance of Management Test - 33

Top level managers formulate the plan and policy for overall organisation. Middle level managers is responsible for implementing and controlling plans, policies and strategies developed by top management. Operational/Supervisory management directly oversee the efforts of the workforce.

The benefits of coordination are manifold:

• It helps in integrating activities which help in increasing the speed and accuracy of the tasks.
• It helps in carrying out non-routine jobs effectively with the help of others.
• Coordination leads to interdependence among workers.

Efficiency focuses on deriving more benefits by using less resources.

Cooperating is not a separate function of management. 

There are five functions of Management, Which are as follow:

• Planning    
• Organising   
• Staffing    
• Directing   
• Controlling

The managerial task most clearly identified with the external environment is coordination. Sometimes, to complete a task or achieve a goal it is important to coordinate with the external environment. External environment includes government, suppliers, customers etc.

Management is a goal-oriented process because an organisation has set of basic goals which are the basic reason for its existence. Management units the efforts of different individuals in the organisation towards achieving these goals.

Essentials of an effective and efficient control system. Some of the essentials are:

Simplicity, Objectivity, Promptness, Economy, Flexibility, Accuracy, Suitability, Forward-looking Nature, Focus on Strategic Points, Motivating and Others

Planning is concerned with specially formulation of policies and strategies. Planning is concerned with deciding in advance what to do and how to do. Objectives, Strategies, Policies, Procedures, Methods, Rules, Programme and Budget are different types of plan which are formulated in advance.

Effectiveness in management is concerned with doing the right task, completing activities and achieving goals or target.In the above case manager was able to achieve the target of 25,000 units in a year. That's why he can be called effective. 

Coordination is an extrinsic part of management. It is required for performing different functions at all levels of management. Be it any sort of management functions, coordination is highly required.