what is increase menagerial efficiency?
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Management improves efficiency by minimizing the wastage of resources that is time, money and effort. It helps in optimum utilization of all the resources in an organisation by coordinating all the activities performed by individual in the achievement of common goal.
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˙❥Managerial efficiency is the proportion of total organization resources that contribute to productivity during the manufacturing process. The higher this proportion, the more efficient the manager. The more resources wasted or used during the production process, the more efficient the manager.˙✧*。
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