ORGANIZATIONAL RESOURCES:

 

  1. Human Resources
  2. Monetary Resources
  3. Raw Materials
  4. Capital

 

Organizational resources are used,combined and transformed into finished products during the production process.

Human resources are people who work for an organization.Their skills and their knowledge are leveraged by the managers.

Monetary resources are amounts of money that managers use to purchase goods and services for the organization.

Raw materials are ingredients used directly in the manufacturing of products.

 

Managers must become both efficient and effective.

MANAGERIAL EFFECTIVENESS:

The effectiveness of the managers is measured in the effectiveness of the organization in achieving the organizational goals.

MANAGERIAL EFFICIENCY:

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.

Managers can be efficient but not effective and vice versa.

If managers achieve the organization goals they are effective, but if they end up using or wasting a high amount of resources, then definitely, the concerned manager is not being efficient.

On the other hand, if the manager is very efficient by using the resources in a limited manner, but misses accomplishing the organizational goals and objectives.

MANAGEMENT INNOVATION

managementinnovations2020@gmail.com; manojonkar@gmail.com; 919375970812

9 thoughts on “MANAGERIAL EFFECTIVENESS & EFFICIENCY

  1. The document is worthy it. It has good description of the two confusing terms but now one can be able to clearly differentiate them with ease.

    Like

  2. There is just one mistake, the lone should say ‘the less resource wasted or used the more efficient the manager’, other than that, good post.

    Like

  3. Now, in order to maximize efficiency and effectiveness, it’s time for traditional empirical management to be replaced by the scientific systemic management, with six interconnected functions precisely scientifically defined, based on a law of nature, systems theory and cybernetics. The book SCIENTIFIC SYSTEMIC MANAGEMENT released a powerful management model able to substantially improve decision making and increase prosperity all around the world. https://video214.com/play/4lHg03k2ToZqRBonVSbufg/s/dark

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