Distinguish between efficiency and effectiveness in management. (5 marks) Efficiency refers to being productive at work‚ to use resources – time‚ equipment‚ people‚ money‚ raw materials‚ etc.-wisely & cost-effectively. An efficient manager will strive to maximize productivity at work. Efficiency can be calculated by the formula: output/input. Effectiveness refers to making the right decisions & to successfully carry them out so that they achieve organizational goals. A manager can
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project management has become such a popular business tool in recent years? Project Management has become a very important and popular business tool in recent years. If you want a successful project you should have a person in charge to keep the project organized. A project manager must have strong leadership skills such as: Integration management‚ Scope management‚ Time management‚ Cost management‚ Quality management‚ Human resource management‚ Communications management‚ Risk management‚ and
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Sheet – 01 & Lecture – 01 Question: Lending Management or lending policy Answer: Lending Management or lending policy and proud we the main instrument towards achieving mission and vision of a Bank. As mentioned in the memorandum and articles of association of the Bank it is committed to invest in industrial and business enterprises by developing projects of national importance‚ including the small and medium enterprise (SME) consumer loan‚ capital market separation‚ lease financing‚ trade
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Course Assessment Exercise : 20% Group Summary: 20% Group Work & Presentation : 20% Final Exam :40% Total Assessment : 100% 1–1 Assignments Thinking Critically About Ethics p48‚47 P98‚100 P119‚121 P162‚168 P183‚189 P203‚208 1–2 Critical Thinking 1 Information is power----those who have information have power. Because information gives people power‚ it’s human nature to want to keep that information and not share it. Knowledge hoarding is a business habit that’s hard to break
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Hong Kong‚ a special administrative region (SAR) of the People’s Republic of China (PRC)‚ is located in the southern coast of China‚ surrounded by the Pearl River Delta and South China Sea. It is well known of having a vast skyline and deep natural harbor‚ and is one of the world’s most densely populated areas in the world. Mainland China‚ the Chinese mainland or simply the mainland‚ is a geographic and political geopolitical field under the jurisdiction of the PRC’s terminology to describe‚
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EMBADJ 2014 INTRODUCTION TO MANAGEMENT ACCOUNTING Individual Assignment* Name: Mahmoud Baban | | | | |Due date: 4 September 2013 |Points Available |Points Earned | | | |
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properly without the use of incinerators that produce toxic air pollutants that pose threat to human health and environment. To begin with‚ not all of the wastes produced by hospitals are infectious or hazardous. With proper management and the use of well-known solid waste management tools such as segregation and recycling‚ the portion of a hospital’s waste stream that poses risk to human and environmental health need not be cause of public fear. According to the World Health Organization (WHO)‚ in 2000
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b. Production c. Place d. Possession e. All of the above are types of economic utility (b; p. 3) 5. All of the following terms have been used to refer to business logistics except: a. business logistics b. industrial distribution c. logistics management d. physical distribution e. all of the above are correct (e; p. 4) 6. “How well a company does what it says it’s going to do” represents ___________. a. efficiency b. productivity c. leading edge logistics d. effectiveness (d; p. 5) 7. What concept
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attitude of then Scientific School of Management (Taylor et al) with those of the Human Relations Movement (Mayo et al) with regard to people at work.’ ________________________________________________________________________ In order for us to compare and/or contrast two diverse schools of management‚ it is important for us to understand management in general‚ and the specific principles and theories comprising the two. Kreitner defines management as‚ “..the process of working with and
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Today’s managers owe Frederick Winslow Taylor a debt for having laid much of the foundation of their profession. Taylor’s work is responsible for workplace phenomena such as reengineering and total quality management. Further‚ what Deming and Juran carried to Japan after World War II‚ was in great part so warmly received there because Taylorism was already well ensconced. Although born to a wealthy family‚ Taylor began his work life when he signed on as an apprentice at a small Philadelphia pump
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