Principle and Practice

of management
Assignment :1
Topic :- Coordination & Forecasting

TEAM MEMBERS
o Komal Sharma
o Suhail Shaikh
o Aman Shete
o Harsh Singh
o Swapnil Sutar
o Rahul Thube
o Neha Varma
o Rohit Warude
o Kaushal Yadav
o Basila

Content :Coordination
O Introduction to coordination.
O Need of coordination.
O Importance of coordination .
Forecasting
O Introduction to forecasting.
O Need of forecasting .
O Techniques and methods of forecasting .

Coordinat
ion

What is Coordination?
Coordination is a hidden force which binds all the other
function of management. According to Mooney and
Reelay , Coordination is an orderly arrangement of group
efforts to provide unity of action in the pursuit of
common goals .
Management seeks to achieve coordination through its
basic functions of planning , organizing , staffing,
directing and controlling . That is why ; coordination is
not a separate function of management because
achieving of harmony between individuals efforts towards
achievement of group goals is a key to success of
management . Coordination is the essence of
management and is implicit and inherent in all the
functions of management .

Coordination
Coordination is the essence of management
The meaning of this sentence implies , coordination affects all the
functions of management .
1. Planning & coordination:
there are many departmental plans in a business which
includes purchase plans , sales plans , production plans etc. all
these plans must be coordinated and one master plan must be
made for the full business.
2. Organizing & coordination :
There are many steps in organizing . All these steps must be
coordinated , for achieving the objectives. The top level
managers must coordinate the efforts of the middle level
managers . Similarly the middle level managers must coordinate
the efforts of the lower level managers . Furthermore the lower
level managers coordinate the efforts of the workers .

Coordination
3. Staffing & coordination:
Staffing involves recruitment and selection , training , placement ,
promotion , transfers, etc. . All these steps must be properly
coordinated.
4. Directing & coordination:
Directing implies giving necessary information , proper instructions
& guidance to sub-ordinates. This results in coordination.
5. Controlling & coordination :
In controlling , the standards are first fixed . Then the performances
are measured . Performances are compared with the standards , and
the deviations are corrected . So , controlling involves many steps .
All these steps must be properly coordinated . If coordination is not
proper , control will surely fail.
Thus all the functions of management are affected by coordination .
Hence coordination is essential for achiening the objecticves of the
organsistion.

Need & Importance of

Coordination
Coordination implies to integrate or bring together
all the functional activities of a organisation . It is
done for achieving the goals of an organisation .
There must be proper coordination throughout the
organisation . According to management experts ,
coordination is necessary because of the following
reason.
Coordination is the essence of management .
Coordination is the function of the management .
Coordination is a principle of management & all
other principles are included in this one principle .

Need & Importance of

Coordination
The need and importance of coordination can be
studied with a reference to the following aspects of
management:
Coordination gives proper direction.
Coordination facilitates motivation.
Coordination helps to achieve objectives quickly.
Higher efficiency & economy.
Good human relations.
Unity of direction.
Quintessence of management.
Organisational effectiveness .

Forecastin
g

Introduction to
Forecasting:
Forecasting is a process of predicting or
estimating the future based on past and
present date .Forecasting provides information
about the potential future events and their
consequences for the organisation.it may not
reduce the complications & uncertainty of the
future. However, it increases the confidence of
the management to make important decisions .
Forecasting is the basis of premising .
Forecasting uses many statistical techniques .
Therefore , it is called as Statistical Analysis.

Need of Forecasting
Forecasting is necessary in the function of an
organization for the following reasons :
forecasting provides relevant and reliable
information about the past and present events
and the likely future events. This is necessary for
sound planning.
It gives confidence to the managers for making
important decisions
It is the basis for making planning premises.
It keeps managers active and alert to face the
challenges of future events and the changes in
the environment.

Techniques of
Forecasting.
Delphi technique
Scenario writing
Subjective approach
Time-series forecasting
Brainstorming techniques
Goal oriented forecast technique
Graphic charting technique
Matrix technique
Nominal group technique (NGT)
Simple average technique

THE END