Nature and Significance of Management

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• Questions
• Summary

Coordination is the essence of Management. It is implicit and inherent in all functions of management:

1. Top management plans for the entire organization.
2. According to these plans, the organizational structure is developed and staffed.
3. In order to ensure that these plans are executed according to plans, directing is required.
4. Any deviation between the actual and the standard performance is corrected at the stage of controlling.