https://padlet.com/itsupport4/dh73jnf8wf10 Extend your understanding of the terms efficiency and effectiveness by applying them to management. How does effectiveness and efficiency look in management? (Double click to add a note, remember to include your name in the title) en-us 2018-07-10 02:06:39 UTC 2026-01-24 03:43:03 UTC hello@padlet.com https://padlet.com/itsupport4/dh73jnf8wf10/wish/270850742 2018-07-23 08:08:12 UTC https://padlet.com/itsupport4/dh73jnf8wf10/wish/270850742 https://padlet.com/itsupport4/dh73jnf8wf10/wish/271180752 In management if the output has been achieved and the business is thriving then this has been due to good management of inputs (people, materials, time) the business is effective and efficient. If output is low or quality low, then customer satisfaction will suffer and this will be recognized in profits. 

]]> 2018-07-26 07:57:39 UTC https://padlet.com/itsupport4/dh73jnf8wf10/wish/271180752 https://padlet.com/itsupport4/dh73jnf8wf10/wish/271361782 When management works effectively and efficiently, this will show as increased profits. By working effectively they will be concentrating on achieving set goals. They will achieve these by efficient use of their resources]]> 2018-07-29 09:29:53 UTC https://padlet.com/itsupport4/dh73jnf8wf10/wish/271361782 https://padlet.com/itsupport4/dh73jnf8wf10/wish/271386290 When management has been working efficiently it is when there have been strategic decision making in reducing the use of resources and increase productivity. Effectively it can be down to measuring the results such as increasing market share, improved customer satisfaction and having achieve desired revenue levels. ]]> 2018-07-29 22:43:54 UTC https://padlet.com/itsupport4/dh73jnf8wf10/wish/271386290 https://padlet.com/itsupport4/dh73jnf8wf10/wish/271749540 A good manager knows how to achieve a companies goals/objectives by balancing both efficiency and effectiveness without detriment to the bottom line.]]> 2018-08-02 05:50:15 UTC https://padlet.com/itsupport4/dh73jnf8wf10/wish/271749540 https://padlet.com/itsupport4/dh73jnf8wf10/wish/271965623 A highly efficient and effective manager will be both goal and resource focused. They will manage their team to pursue their organisational goals by using the available resources to achieve maximum outputs with a minimum of waste. If this is achieved the end result will be a viable high quality product priced competitively in the market.]]> 2018-08-05 01:20:34 UTC https://padlet.com/itsupport4/dh73jnf8wf10/wish/271965623