MGT 3200 : Exam One Objectives Notes Fall 2012
Document Summary
Effectiveness is concerned with doing the right thing at the right time in the right way. In other words, it"s concerned with goal attainment. Efficiency, on the other hand, is concerned with reducing waste or minimizing resource costs since many resources are scarce (i. e. , money, good people, equipment). So, effectiveness is concerned with the ends and efficiency is concerned with the. Just because you are efficient doesn"t mean you are effective. The more concerned you become with efficiency, the less effective you may become. The industrial revolution forever changed how work is preformed. The economic effects led to the need of professional management. (the factories grew in size and the owners could no longer manage the place themselves) Transfer of skills from craftsman to machinery; decreased the skill level of the labor. They are the only managers not to manage other managers. Mistakes they typically make is putting friendship over accountability. They manage first line management and work groups.
