In today’s environment, which is more important to organizations—efficiency or effectiveness? Explain your choice with a suitable example.
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In today’s environment, which is more important to organizations—efficiency or effectiveness? Explain your choice with a suitable example.
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- In today’s environment, which is more important to organizations—efficiency or effectiveness? Explain your choice with a suitable example. Answer:In today’s environment, which is more important to organizations—efficiency or effectiveness?How can organizations align their long-term strategic goals with short-term operational plans to ensure consistency and effective implementation?
- Which are Tools the Organization Uses to Achieve Its Goals?In an organization, how would you plan, finance, and implement programs and projects to ensure effectiveness and efficiency?All organizations are affected to some extent by external factors and trends. The impact of these factors and trends could be positive, neutral, or negative, some are short-lived whilst others are long-lasting. Analyze a range of external factors and trends currently impacting organizations. Identify organizational priorities arising from the factors and trends analyzed.
- What are the potential benefits and challenges of participatory planning, and how can it foster inclusivity and engagement within a community or organization?How can an organization strategically leverage the elements of the value chain to gain a sustainable competitive advantage in today's rapidly evolving business landscape?What are the ethical considerations that managers need to keep in mind when coordinating activities across different organizational units or with external stakeholders?
- Strengths and opportunities represent favorable situations and occurrences for organizations. True or false?What strategies can organizations use to improve productivity and reduce production costs?How do managers solve problems and make decisions? Identify an three quantitative tools that are used in aiding the process