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As per Dr, Goldratt, Efficiency is a quality of achieving something which takes nearer to your GOAL
Efficiency at management is when management is capable of achieving a greater output be it tangible or intangible over a shorter period of time without a fall in the quality of what has been achieve.
Wiki User
∙ 14y ago
Wiki User
∙ 9y agoEfficiency and effectiveness are important to management as they will determine the productivity level. The output of any firm will be influenced by these two factors.
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