'It is the common thread that runs through all activities such as purchase, production, sales and finance to ensure continuity in the working of the organisation.'
Identify the concept highlighted in the above lines.
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Shift 30/05/2023 8:30 AM - 10:30 AM
Correct Answer
Detailed Explanation
Coordination is the force that binds all the other functions of management. It is the common thread that runs through all activities such as purchase, production, sales,and finance to ensure continuity in the working of the organisation.
“Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.”
Organising is the process of defining and grouping the activities of the enterprise and establishing authority relationships among them.
Decentralisation refers to systematic effort to delegate to the lowest level all authority except that which can be exercised at central points.
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