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Co-ordination And Controlling

NIOS · Class 12 · Business Studies

Quick revision notes for Co-ordination And Controlling — NIOS Class 12 Business Studies. Key concepts, formulas, and definitions for last-minute revision.

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Key Topics to Revise

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9.1 - Meaning of Co-ordination

  • Co-ordination is the orderly arrangement of individual and group efforts to provide unity of action in the pursuit of a common goal
  • It ensures harmony in carrying out different activities and functions across departments to achieve organizational goals efficiently
  • Co-ordination involves synchronization of activities of various units to achieve planned objectives with minimum conflict
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9.2 - Significance of Co-ordination

  • Co-ordination is called the 'ESSENCE OF MANAGEMENT' due to its critical role in organizations
  • Significance increases with organizational size - larger organizations face greater coordination challenges
  • With growth in size and volume of work, there are more people and work groups who may work at cross purposes
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9.3 - Meaning of Controlling

  • Controlling is the evaluation of actual performance against planned or standard performance
  • It involves taking corrective action if actual performance deviates from planned performance
  • According to Henri Fayol, controlling is 'verifying whether everything occurs in conformity with the plan adopted'
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9.4 - Characteristics of Control

  • CHARACTERISTIC 1: Planning is the Basis of Control - control checks performance against plans; planning must come first
  • CHARACTERISTIC 2: Control is a Continuous Process - it's ongoing and dynamic, not a one-time exercise; period depends on nature of work and management policy
  • CHARACTERISTIC 3: Control is All Pervasive - exercised at ALL levels of management and in EVERY functional area and department

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Key Concepts

CoThe importance of coControlling is the management functionControl has five key characteristicsThe controlling process consists of five

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