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What is Meant by 'Efficiency' in Management?

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प्रश्न

What is meant by 'efficiency' in management?

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उत्तर

In management, efficiency means completing the given work or activities with minimum resources and cost.

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2014-2015 (March) Delhi Set 1

वीडियो ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्न

Explain briefly discipline and scalar chain as principles of general management.


Explain briefly Initiative and Esprit de Corps as principles of general management


Explain the following principles of management:

Harmony, not discord.


Explain the following principles of management:

Subordination of Individual Interest to General Interest.


Explain the following principles of management:

Development of Each and Every Person to His or Her Greatest Efficiency.


Top level management and Middle level management


State the features of management.


 What is Management? Explain the nature of management.    


what makes principles of management flexible ?


State the main objective of time study.


SanakLal and Gagan started their career in Wales Limited (a printing press) after going through a rigorous recruitment process. Since they had no prior work experience, the firm decided to give them one year to prove themselves. Name the principle of management followed by Wales Limited.


Select the proper option from the options given below and rewrite completed Sentence.
14 principles of management are developed by ________.


Select the proper option from the options given below and rewrite completed Sentence.
Concentration of power of authority is stated in the principle of ________.


Match the correct pairs:

  Group A   Group B
a Henry Fayol 1 Universal
b Principle of unity of command 2 Father of Scientific Management
c Time study 3 Specific
d F.W. Taylor 4 French engineer
e Management principles 5 Study the time required to do a job
    6 German engineer
    7 One man one boss
    8 Study the body movements of the Worker
    9 Father of nation
    10 One man many bosses

What is principle management?


Arrange in proper order.

Coordinating, Staffing, Directing.


After completing her Bachelors in Fashion Designing from a well-known college in France, Aditi has opened a boutique in a posh market in Kolkata. She has divided the work in smaller units and each employee is well trained to perform his/her task efficiently. The sales persons are allowed to close a deal with a buyer by giving a maximum of 5 percent discount, whereas the decision to give any further discount rests with Aditi as the final authority.

In the earlier period of her business venture, employees were asked to put in extra hours of work. In return she had promised to give them a special incentive within a year. Therefore, when the business was doing well, she honours her commitment by giving bonus to her employees. She also instructed her employees that communication from top to bottom should follow the official lines of command. However, she tends to be more biased towards her female employees, when it comes to solve the conflicts among employees.

Aditi has divided the work in smaller units and each employee is well trained to perform his/her task efficiently. Which principle of management is being followed here?


After completing her Bachelors in Fashion Designing from a well-known college in France, Aditi has opened a boutique in a posh market in Kolkata. She has divided the work in smaller units and each employee is well trained to perform his/her task efficiently. The sales persons are allowed to close a deal with a buyer by giving a maximum of 5 percent discount, whereas the decision to give any further discount rests with Aditi as the final authority.

In the earlier period of her business venture, employees were asked to put in extra hours of work. In return she had promised to give them a special incentive within a year. Therefore, when the business was doing well, she honour her commitment by giving bonus to her employees. She also instructed her employees that communication from top to bottom should follow the official lines of command. However, she tends to be more biased towards her female employees, when it comes to solve the conflicts among employees.

“The sales persons are allowed to close a deal with a buyer by giving a maximum of 5 percent discount, whereas the decision to give any further discount rests with Aditi as the final authority.” Identify the principle of Management being followed here:


Principles of management provide managers with useful insights into reality. Which of the following statements explain this appropriately:


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