Management involves handling and controlling the activities of men, machines, material, and money effectively and efficiently. Efficiency refers to getting the maximum output from the available scarce resources, i.e., “doing things right.” Effectiveness refers to “doing the right things” to achieve desired business objectives. Every organization works towards achieving some common goals and formulates methods […]
Management involves handling and controlling the activities of men, machines, material, and money effectively and efficiently. Efficiency refers to getting the maximum output from the available scarce resources, i.e., “doing things right.” Effectiveness refers to “doing the right things” to achieve desired business objectives. Every organization works towards achieving some common goals and formulates methods […]