The primary difference is efficiency is productivity concerned while effectiveness is quality concerned. In other words‚ efficiency refers to how much resource (time‚ money‚ materials and effort) required in accomplishing a task. Effectiveness refer to how well the job gets done‚ i.e.‚ the output quality‚ zero defects. “Efficiency” is getting things done‚ it is not trying and it is not having ability. In other words‚ “efficiency” is actually accomplishing. It is execution. “Effectiveness” is also
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APPLIED LEADERSHIP AND DEVELOPMENT COURSE BUS3023 ASSIGNMENT 3 CREDITS Please complete the following assignment and mail it with the copy of the assignment to be marked and for comments. Please use your discretion to determine the length of your answer. Keep the following criteria in mind: Did I demonstrate my knowledge and insight? Will the tutor be satisfied that I can apply the information (Skills)? Write answers in your own words as far as possible and refrain from copying from text books/handouts
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Difference between Human Resource Management and Personnel Management Human resource management involves all management decisions and practices that directly affect or influence the people‚ or human resources‚ who work for the organization. In other words‚ Human resource management is concerned with ‘people centric issues’ in management. The Human Resources Management (HRM) function includes a variety of activities‚ and key among them is deciding what staffing needs you have and whether to use
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BE A GOOD LEADER In this essay I will demonstrate how a good manager _can_ often be a good leader‚ but why I also believe that explicit differences in characteristics; attitudes and methods prove them to be unique. I will do this by firstly‚ defining what I feel a good manager is‚ and what I feel a good leader is. In doing this‚ I will compare and contrast the two concepts in order to finally draw conclusive similarities and distinctions between the two. American philosopher James Burnham (1941)�
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we cited Riordan Manufacturing current position in the global plastics manufacturing market as an existing world leader‚ that has every intent to maintain that namesake by continuing to develop its technology both o the production line as well as behind the scenes where it supports those individuals that work hard every day to keep Riordan Manufacturing in the upper echelon‚ elite class of global business that are providing for the world’s needs in mass quantities on a daily basis. Riordan Manufacturing
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Difference between Good Leadership and Good Management. Do you want to be led or to be managed? Being led indicate that you are willingly being led by a leader whereas being managed‚ you are being told what to do and usually not willingly. Warren G. Bennis says "Managers do thing right; leaders do the right thing" I believe this saying is correct because what a Manager does is to complete whatever it is set for he or she to be accomplished and follow the company policy closely. A manager will
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Riordan Manufacturing Business Systems Analysis Riordan Manufacturing Business Systems Analysis Dr. Michael Riordan‚ a professor in chemistry‚ acquired several patents relative to processing polymers into high tensile strength plastic substrates. He knew there was a market for commercial applicants for his patents after so he started Riordan Plastics‚ Inc. in 1991 at the age of 45. Today‚ Riordan Manufacturing‚ Inc.‚ owned by Riordan Industries is a Fortune 1000 enterprise with revenues in excess
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Executive Summary The study reveals the link between the strategic management and the leadership. Strategic decisions are crucial for the growth and development of any organization and vary according to different management and different leadership styles. It also evaluates the utility of different leadership styles in context of different situations. Different theories of management and leadership are also evaluated in this report with regard to their impact on strategy of an organization. It is
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Introduction Management and leadership are terms that are frequently used interchangeably‚ however‚ they are not the same thing – they have quite distinct meanings. The two do have similarities but they also have important differences. This research report aims to understand the difference between leadership and management and why these differences are important. It also puts this into a modern context‚ so that they can be understood against a backdrop of increasingly technological workplaces
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ECONOMIC ANALYSIS EXERCISE 1: What do you think is the difference between management skills and entrepreneurship?. How do they contribute to the economic success of a business? Management skills is about making an existing business work effectively and efficiently‚ organizing and coordinating the activities according to certain policies and achieving clearly defined objectives (i.e. vision‚ mission). Usually‚ the foundation of the business has been laid and established. It involves planning
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