MGT 3200 : TEST 1 CURRENT
Document Summary
Exam one objectives (from the notes & assigned readings) Efficiency: effectiveness is concerned with doing the right things at the right time (the. Ends: efficiency is concerned with minimizing waste or reducing resource costs (means to those ends, how are effectiveness and efficiency related, efficiency is not the key to success- you also need to be highly effective. The more you are concerned with efficiency; effectiveness goes down it"s much easier to be concerned with effectiveness if one disregards efficiency. In the end, effectiveness is more critical: these two goals are related in that it"s much easier to be effective if one disregards efficiency. For example, seiko could produce more accurate and attractive timepieces if it disregarded labor costs and material input costs. Conversely, it becomes increasingly more difficult to be effective when one becomes more and more concerned with efficiency.
