In what situations will a static budget be most effective in evaluating a manager's effectiveness?
A. The company has substantial variable costs.
B. The planned activity levels match actual activity levels.
C. The company has substantial fixed costs.
D. The company has no fixed costs.
A manager can be both efficient and effective at the same time with proper self training, dedication and a desire to do good can all contribute to being effective and efficient.
They are the same person.
Effective managers are not afraid to delegate. They also challenge their employees to meet production for the business. Effective managers also have great communication skills.
technical, conceptual, and interpersonal skills
Successful Managers: Spend considerably more time networking (socialising, politiking, interacting with outsiders) than less successful managers - they achieve rapid promotion. Human resource management takes the least amount of their time. Effective Managers: Spend most of their time on communication and human resource management activities. They spend little time networking. Their "effectiveness" is shown in work-unit performance and subordinates' satisfaction. These conclusions are from a study of 292 managers at different levels in four organisations - conducted by Fred Luthans and his team in 1998, and followed-up in a later study (2003) by Aslani and Luthans.
When evaluating the operating efficiency of a firm's managers, you would look at the Asset Evaluation Ratio.
A manager can be both efficient and effective at the same time with proper self training, dedication and a desire to do good can all contribute to being effective and efficient.
A manager can be both efficient and effective at the same time with proper self training, dedication and a desire to do good can all contribute to being effective and efficient.
A manager can be both efficient and effective at the same time with proper self training, dedication and a desire to do good can all contribute to being effective and efficient.Read more: Can_managers_improve_both_efficiency_and_effectiveness_simultaneously
They are the same person.
Consulting
Effective managers are not afraid to delegate. They also challenge their employees to meet production for the business. Effective managers also have great communication skills.
The four criteria managers use are: Legality Economic feasibility Practicality Ethicalness
Poor communication can prevent effective managers from meeting their objectives. The lack of empathy can also cause managers to be ineffective.
The first obstacle to managers in making effective decisions is bias. Managers are often bias to certain individuals or information that provides more weight in making effective decisions. The second obstacle is overconfidence. Some managers overestimate their abilities, and overlook team members that have strengths to get the job done.
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