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
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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.
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