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प्रश्न
Akash works as a production manager in ‘Elite Enterprises’ manufacturing LED lights. Due to festive season, there is lot of demand for their lights. Akash was given the task of producing 100 units of LED lights @ ₹ 200 per unit within 5 days for an urgent order. Akash was able to achieve the target of 100 units of LED lights within 5 days @ ₹ 220 per unit.
Identify from the following whether Akash is:
पर्याय
Efficient only
Effective only
Both efficient and effective
Neither efficient nor effective
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उत्तर
Effective only.
Explanation:
Effectiveness is about doing the right task, completing the assigned job on time, no matter the cost. It simply means doing tasks on schedule.
Efficiency is about doing the job cost-effectively, i.e., getting maximum output with minimum input. It means executing things right in a faster and more cost-effective manner.
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संबंधित प्रश्न
'Management is the process of getting things done.' State the meaning of the term 'process' used in this statement.
'Is Management concerned only with doing the right task, completing activities and achieving goals without taking into consideration the cost benefit?' Give reason in support of your answer.
What is meant by 'Management'?
What is meant by 'effectiveness' in management?
Explain how management helps in the development of society.
Answer the question briefly.
Why is management considered to be discipline?
“Management is universal.” Comment.
Answer the following question.
Mita has a successful ice cream business at Bikaner, namely "Smart flavours' ice creams are utterly delicious. She makes ice creams from fresh milk and the same are available in a wide range of flavours and packs. She sets viable business objectives and works with the same in mind in order to ensure that the customers will come back for purchasing.
Having the first-mover advantage, her business was doing well. To earn higher profits, she started cutting costs. This would sometimes lead to delay in delivery and the ice cream was not reaching the market in time. Over a period of time, the demand for her ice cream declined and because of it, the competitors entered the market. She lost some of her market share to competitors.
At the beginning of the summer season, she got back to backorder for the supply of 4,000 ice cream packs of different flavors for special occasions. To ensure that the task was completed and orders delivered in time she hired additional workers. She was, thus able to produce and deliver the ice cream packs but at a high production cost. While completing activities and finishing the given task for achieving goals, Mita realized that she was ignoring one of the important aspects of management.
Identify the aspects of management that has been ignored by Mita. Also, explain the same with the help of an example.
According to the nature of management, Management can be considered as ______.
Management ensures ______.
A manager obtains the required capital at 12% interest while the prevailing rate of interest happens to be10%. How would you describe such a manager?
Successful organisations do not achieve goals by chance but by following a deliberate process known as
Efficiency is concerned with
Management translates the works to be carried out in terms of goals to be achieved and assigns the means to achieve it. This statement relates to ______.
Discuss the basic features of management as a profession.
Unemployment can be described as ______
"Anyone can be called a manager irrespective of the educational qualification possessed." Identify the characteristic of the profession that Management does not fulfill in the statement being discussed above:
| Different organisations have different goals. “Zeepo’ is an upcoming retail chain for providing consumer goods door-to-door, the objective of this organisation is to increase sales. 'Allie is an educational organisation working with an objective of providing education to under privileged children of the society. Management of each of these organisations unite the efforts of their employees towards achieving organisational goals. |
The characteristic of management discussed above is:
Which process involves achieving group objectives through organizing people and resources efficiently?
Guiding or motivating, such as encouraging teamwork in a household, refers to which management function?
