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In today environment which is more important to organization efficiency or effectiveness?
Both are integral to effective management. Management refers to the process of coordinating and integrating work activities so that they're completed efficiently and effectively with and through other people. Efficiency is getting the most output from the least amount of inputs, the goal of which is to minimize resource costs . Effectiveness is completing activities so that organizational goals are attained; often described as "doing the right things"
What are the different types of management explain?
There are several types of management, including strategic, operational, financial, and human resource management. Strategic management focuses on long-term goals and direction, while operational management deals with the day-to-day activities of an organization. Financial management involves planning and controlling financial resources, and human resource management is concerned with recruiting, training, and developing employees. Each type plays a crucial role in ensuring the overall effectiveness and efficiency of an organization.
Explain what HR management is and how it relates to the management process?
explain what HR management is and how it relates to the management process
What are the three important concepts relevant to the logistics management by an organisation Explain them briefly and state which one you regard as the best approach and why?
Three important concepts in logistics management are supply chain integration, inventory management, and transportation management. Supply chain integration focuses on coordinating and optimizing all components of the supply chain to enhance efficiency and responsiveness. Inventory management involves maintaining optimal stock levels to meet demand while minimizing costs. Transportation management ensures the efficient movement of goods, balancing speed and cost. Among these, supply chain integration is the best approach, as it fosters collaboration among all stakeholders, leading to greater overall efficiency and responsiveness to market changes.
Explain why time management is important?
Being able to manage time is important. It is important in life because it helps people get things done sooner, or in the time allotted for an activity.
In today environment which is more important to organization efficiency or effectiveness?
Both are integral to effective management. Management refers to the process of coordinating and integrating work activities so that they're completed efficiently and effectively with and through other people. Efficiency is getting the most output from the least amount of inputs, the goal of which is to minimize resource costs . Effectiveness is completing activities so that organizational goals are attained; often described as "doing the right things"
3 Explain how the lockbox system can improve the efficiency of cash management?
Explain how the lockbox system can improve the efficiency of cash management.
What role do you think organisational structure plays in an organizational efficiency and effectiveness?
What role do you think organizational structure plays in an organization's efficiency and effectiveness? Explain.
Explain why the efficiency of a boat is important?
yes , boat efficiency is important because it saves many resources
Can you explain me time management its concept?
Time management is an concept that helps on to improve on their ability to use time wisely. This will improve efficiency and productivity especially at work.
What are the different types of management explain?
There are several types of management, including strategic, operational, financial, and human resource management. Strategic management focuses on long-term goals and direction, while operational management deals with the day-to-day activities of an organization. Financial management involves planning and controlling financial resources, and human resource management is concerned with recruiting, training, and developing employees. Each type plays a crucial role in ensuring the overall effectiveness and efficiency of an organization.
why management study is important?
It is essential because it can save many life
Explain what ECU remapping accomplishes?
ECU remapping refers to the tweaking of a software program that controls the an automotive's engine management system (ECU). This is important because it optimizes fuel efficiency and decreases emission of fossil fuels.
Explain what HR management is and how it relates to the management process?
explain what HR management is and how it relates to the management process
Explain what is meant by efficiency?
Efficiency is the degree of perfection in which one quantity is converted into another. For example a farmer will be interested in the efficiency with which cattle convert grass into beef weight.Note Efficiency and effectiveness are often confused with each other.Effectiveness concerns itself principally with the outcome. Even if excessive input was used, as long as the desired output was achieved, then effectiveness is gained.example. Even if it cost a few millions of dollars to cap the BP well, as long as it was successful, it was effective.
Explain the concept of Management Information System Describe various control processes being used in your organization or any organization you are familiar with Assess the effectiveness of thes?
A Management Information System (MIS) is a system that helps managers make decisions based on information collected from various sources. In my organization, we use control processes such as budget tracking, performance metrics monitoring, and access controls to ensure effective management. These control processes help maintain efficiency, accountability, and compliance within the organization, ultimately contributing to its overall effectiveness.
What are the three important concepts relevant to the logistics management by an organisation Explain them briefly and state which one you regard as the best approach and why?
Three important concepts in logistics management are supply chain integration, inventory management, and transportation management. Supply chain integration focuses on coordinating and optimizing all components of the supply chain to enhance efficiency and responsiveness. Inventory management involves maintaining optimal stock levels to meet demand while minimizing costs. Transportation management ensures the efficient movement of goods, balancing speed and cost. Among these, supply chain integration is the best approach, as it fosters collaboration among all stakeholders, leading to greater overall efficiency and responsiveness to market changes.
