Ticket 1 Enterprises (firms) field of activity and its main characteristics

2. Coordinating the enterprise plan.

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  Co-ordination is the unification, integration, synchronization of the efforts of group members so as to provide unity of action in the pursuit of common goals. Coordination is the function of management which ensures that different departments and groups work in sync. Therefore, there is unity of action among the employees, groups, and. departments. It also brings harmony in carrying out the different tasks and activities to achieve the organization's objectives efficiently.
  
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  Primarily, coordination ensures that employees do not engage in cross-purpose work since it brings together the human and material resources of the organization. Therefore, there is less wastage of resources which helps the organization utilize them optimally.
  
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  Enterprise planning is used by large organizations to unify and align planning across all departments, including finance, HR, sales, marketing, IT, operations. The goal of enterprise planning is to enable planners to see financial performance across the enterprise. Enterprise planning does this by breaking down operational silos and merging financial and operational planning processes together. Enterprise planning solutions funnel departmental data into single source that management can use to support their decisions. 
  
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  Enterprise planning links finance with operations to facilitate collaboration and drive better business results. Technically speaking, enterprise planning solutions integrate financial and non-financial information in a single system and provide users with a means to communication cross functionally. This improves the flow of information. By unifying planning processes across an organization in an enterprise planning solution, finance has greater visibility into current and future financial outcomes, and how those drivers impact operations.