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Nature and Significance of Management
Question
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Clarify the terms efficiency and effectiveness in management.

Answer

Clarify the terms efficiency and effectiveness in management.Efficiency refers to do the job in a cost effective manner. Effectiveness refers to complete the jobon time, no matter whatever is the cost.

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Some More Questions From Nature and Significance of Management Chapter

Explain, in brief, ‘management’ as a process. 

How is Management a 'Goal Oriented Process'?

Management is not visible, it can only be felt. Explain.

How is management a Continuous Process?

Explain, in brief, management as a 'Dynamic Function'.

Explain 'Management of people' as a dimension of management.

Explain in brief, 'management' as a group of people having managerial responsibilityfor an enterprise. 

State any two characteristics of management.

What is meant by Management?

What does a manager aspire while doing work?