A company’s target production is 5000 units in a year to achieve this target the manager has to operate on double shifts due to power failure most of the time. The manager is able to produce 5000 units but at a higher production cost. A) Is the manager effective and efficient? Give reasons.
B) Why is it important for a manager to be both effective and efficient? Explain.
Answers
Answer:-
A ) The companies manager is effectiveness because effectiveness means the completion of work on time and here it is said that the manager is able to produce 5000 unit.
BUT ,
The companies manager is not efficient because efficient means completion of work correctly with minimum cost and maximum profit and here it is said that the manager had a high production cost.
B ) It is important for a manager to be both effective and efficient because Effective means also doing right things like taking correct decisions in the business so that there is no loss in the business & efficient means also doing things in a proper manner without wasting time and money. Both effective and efficiency go hand in hand. If one misses business faces a huge loss & If both are together business faces a huge profit .
HOPE IT HELP U MARK AS BRAINLIEST PLEASE