MKT 3413 Chapter : Invitation To Management T1 1
Document Summary
Management is the process of achieving desired results through the efficient utilization of human and material resources. i. Two key concerns of management a. b. c. d. Effectiveness refers to doing the rights things at the right time. Efficiency refers to minimizing waste or reducing resource costs. How are these 2 key concerns related i. ii. iii. iv. If you are efficient that does not make you effective. Research shows that efficient organizations tend to be effective ones but that is not a guarantee. Which of the following concerns effectiveness and efficiency. Relative to competitors or what you have done v. Neither of these options are sustainable in the long run. vi. The process of achieving desired results through efficient u. How did management become important and why is still signif. The skills in the industrial revolution were transferred to th productivity, supply and demand increase. As a result the co becomes harder because of the increased work a.
