A Management Process In Which People In Different Parts Of An Organization Share Information Throughout The Development Of A Product Or Process Is Called _______.

What Is Collaboration In Management? | Answer of MCQ

The answer / solution to this fill in the blank is “Collaboration”, as an organization is a group of people who are organized and work as a unit to achieve common goals. Everyone in the organization should focus only on main objectives or goals of organization, otherwise, the end results are not achieved.

Work As A Unit

Every department in an organization and every person i.e., from Chief Executive Officer (CEO) to lower rank employee work collectively to achieve organizational objectives & goals. For example, if the company’s goal is to provide quality products with reasonable price, then every department such as management, marketing, financial, accounting, human resource department, IT department, media department, etc., should focus this goal i.e., the management hires skillful and trained workers & staff to work effectively in producing the quality products such as a manufacturing company making furniture hires the highly skillful carpenters to make quality furniture, and in case of transport company, the workers are hired for loading products at the doorsteps of customers. Marketing department tries to persuade the customers by proving a value in return i.e., provide quality chairs & tables to customers in order to increase sales in accomplishing the goal of the company. The finance department provides finance for manufacturing and buying products and to pay wages & salaries to skillful & trained workers and employees in order to attain the objectives and goals. The accounting department provides accounting information about financial performance, financial position and analysis of financial statements of the business which shows the profitability, position of assets, liabilities and equity on specific date and interpretation of the results i.e., whether the carpenters are making quality chairs & tables at profit or not, whether the cost of producing cost is increasing or not e.g., what is the cost of goods manufactured, etc. The department of human resource management helps in hiring the skillful workers and employees, their trainings, development, compensations, etc., in order to utilizes such human resources which brings the company towards the set targets to achieve ultimate goals. IT department uses advanced technology and computer system to help the company in achieving this goal by proving organization data through programs / applications, training the group of people to work well by using IT resources. The media department encourages and motivates the group of people by giving good news about company’s performances achieved during the period. Failing to cooperate with of any of the department can lead to the failures of plans, objectives and goals of an organization.

Share of Knowledge And Problems Solutions

In the collaboration process, people from different departments share their knowledge, ideas and express their own experiences, give recommendations & suggestions, etc., which increases effective communication among group of people, leading them towards the better decisions and help in identifying the problems and their solutions. A senior employee can easily guide and train the new and untrained employees which give them motivation to work effectively and collectively to achieve common goals.

Collaboration is also must among hierarchy of management. From top to bottom and bottom to lower-level management, all should be united to achieve organizational objectives & goals.