Archive for the 'business ideas' Category


Co-ordination: The Essence of Business Management

Co-ordination is a non-ending function. It is a continuous function although its degree may vary. The mangers work continuously to achieve co-ordination and maintain coordination because without co-ordination companies can not function efficiently. The concept of co-ordination always applies to group efforts. These are no need for co-ordination when only single individual is working. The need for orderliness, integration arises only when more individual are working as different individuals come form different backgrounds, have different styles of working so there is need to unity their efforts in common direction. Co-ordination always emphasizes on unifying the efforts of different individual because conflicting efforts may cause damage to organization. The main aim of every manager is to co-ordination the activities and functions of all individual to common goals.

Posted on 10th April 2008
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Limitations of Business Planning

In planning we are always thinking in advance and planning is concerned with future only and future is always uncertain. In planning many assumptions are made to decide about future course of action. But these assumptions are not 100 percent accurate and if these assumptions do not hold true in present situation or in condition then whole planning will fail. If in the plan it is assumed that there will be 5 percent inflation rate and in future condition the inflation rate becomes 10 percent then the whole plan will fail many adjustments will the requires to be made. Planning process involves lot of because it is an intellectual process and companies need to hire the professional experts to carry on this and money to collect accurate facts and figures. So it is a cost consuming process. If the benefits of planning are not more than its cost then it should not be carried on.

Posted on 8th April 2008
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Element of business co-ordination

It refers to the unification of all the unrelated interests or activities bringing together the efforts and directing them to a common direction. Integration result is better performance of the organization. In the organization employees some form different backgrounds, they have different interests, different aspirations. The coordination function is unified and brings together the interests of all the employees towards the interests of the organizations. It means integrating the activities and efforts of different departments, working independently. It brings harmony in the working of whole company. Although the departments of an organization work independently but their activities must relate to each other, else there can be chaos and confusion. The sales department has taken an order of 1000 units, it cannot execute the order unless and until production department produces 1000 units unless and until purchase department provides raw materials and so on. So we can see that although departments seem to work independently but they depend on each other so this is needed to balance and match the activities of different departments. It means scheduling the operations in a suitable order so that there is no interruption in the operating process due to delay in one activity. Integrating the timing of different activities leads t smooth flow and smooth working of an organization.

Posted on 7th April 2008
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