Which of the following is termed as the 'Essence of Management'?

Coordination

The correct answer is option 1- Coordination.

Coordination is termed as the 'Essence of Management'.

The process by which a manager synchronises the activities of different departments is known as coordination. 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. Coordination is sometimes considered a separate function of management. It is however, the essence of management, for achieving harmony among individual efforts towards the accomplishment of group goals. Each managerial function is an exercise contributing individually to coordination. Coordination is implicit and inherent in all functions of an organisation.

OTHER OPTIONS

• Cooperation refers to the process of working together with others to achieve a common goal or objective. It involves individuals or groups combining their efforts, skills, resources, or knowledge to achieve something that would be difficult or impossible to accomplish alone.

• Leadership is influencing others to do what the leader wants them to do. A good manager directs through praise and criticism in such a way that it brings out the best in the employee.

• Motivation means incitement or inducement to act or move. In the context of an organisation, it means the process of making subordinates to act in a desired manner to achieve certain organisational goals. Motivation is a complex process as individuals are heterogeneous in their expectations, perceptions and reactions.