Economy, asked by riyagupta1551, 10 months ago

management has to see the task are completed and goals with the least amount of resources at a minimum cost identify the two related concept of management

Answers

Answered by JackelineCasarez
0

Effectiveness and Efficiency

Explanation:

  • In the context of management, Efficiency means 'doing the right things' or 'having the ability to get things right.'
  • It is defined as how well the time or labor or energy is used to accomplish a task or serve the purpose within the designated time. Efficiency is a limited concept and centers more on the technical side.
  • Effectiveness is a broader concept, more focused on the human side. It shows how well the management can do his job and focuses on both internal and external factors of the organization.

Learn more: Management

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