“A successful enterprise has to achieve its goals effectively and efficiently” Explain.
Effectiveness and efficiency are two different meanings, though the terms are intertwined. The words "efficiency" and "efficiency" are equally important in management. That is, the management needs to adapt to efficiency and effectiveness in a time bound manner.For a union or business firm to be effective, both of these variables assume a fundamental part of fulfilling the goals of the union. Adequacy helps in accomplishing specific objectives while effectiveness helps in accomplishing it with least assets and cost. Reducing expenses and assets brings profit to the association and makes it moreover.It isn't simply vital to finish the task accurately however it is similarly essential to finish it with least expense. Essentially, in addition to the fact that it is critical to decrease the expense it is similarly vital to take care of business accurately. Thus, it is extremely fundamental for a union of the two to zero in on feasibility and effectiveness. It is necessary to complete the work on time with minimum assets. Also, it is fundamental to reduce the cost of construction and complete the construction at the chosen time. Henceforth, useful organizations must be both efficient and compelling at the same time to reap benefits over the long term.
Therefore, the most important aspect for management is to achieve the goal by striking a balance between the efficiency and efficiency of the minimum possible resources. Management is weak due to inefficiency and inefficiency.
Therefore, the most important aspect for management is to achieve the goal by striking a balance between the efficiency and efficiency of the minimum possible resources. Management is weak due to inefficiency and inefficiency.