Importance of Management Principles
April 3, 2025
Following are the main importance of the Principles of Management. Improves Understanding. Direction for Training of Managers. Role of Management. Guide to Research in Management. Improves Understanding – From the knowledge of principles managers get indication on how to manage an organization. The principles enable managers to decide what should be done to accomplish given…
Development of Science for each part of men’s job (replacement of rule of thumb) This principle suggests that work assigned to any employee should be observed, analyzed with respect to each and every element and part and time involved in it. This means replacement of odd rule of thumb by the use of method of…
Fredrick Winslow Taylor ( March 20, 1856 – March 21, 1915) commonly known as ’Father of Scientific Management’ started his career as an operator and rose to the position of chief engineer. He conducted various experiments during this process which forms the basis of scientific management. It implies application of scientific principles for studying identifying…
Co-ordination is an orderly arrangement of efforts to provide unity of action in the fulfillment of common objective whereas co-operation denotes collective efforts of persons working in an enterprise voluntarily for the achievement of a particular purpose. It is the willingness of individuals to help each other.
Co-ordination is an effort to integrate effectively energies of different groups whereas co-operation is sort to achieve general objectives of business.
Though these two are synonymous but they are different as below:
Basis | Co-ordination | Co-operation |
Meaning | It is an orderly arrangement of group efforts in pursuit of common goals. | It means mutual help willingly. |
Scope | It is broader than co-operation which includes as well because it harmonizes the group efforts. | It is termed as a part of co-ordination. |
Process | The function of co-ordination is performed by top management. | The functions of co-operation are prepared by persons at any level. |
Requirements | Co-ordination is required by employees and departments at work irrespective of their work. | Co-operation is emotional in nature because it depends on the willingness of people working together. |
Relationship | It establishes formal and informal relationships. | It establishes informal relationship. |
Freedom | It is planned and entrusted by the central authority it is essential. | It depends upon the sweet will of the individuals and therefore it is not necessary. |
Support | It seeks wholehearted support from various people working at various levels. | Co-operation without co-ordination is fruitless therefore it may lead to unbalanced developments. |
Therefore, existence of co-operation may prove to be effective condition or requisite for co-ordination. But it does not mean that co-ordination originates automatically from the voluntary efforts of the group of members. It has to be achieved through conscious deliberate efforts of managers, therefore to conclude we can say that co-operation without co-ordination has no fruit and co-ordination without co-operation has no root.
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