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- Efficiency, in a few simple words is the ability of an organization to produce and distribute its product at the lowest possible cost in order to meet the competition, or the ability to use the minimum quantity of inputs from available resources to produce the maximum acceptable quantity of outputs with lower cost.
- Efficiency is depending on a lot of factors like:
1- The system and technology applied.
2- Well trained professional workforce.
3- forecasting, analysis and planning.
4- Supervision, followup and feedback sub-system.
5- Control, corrections and problem solving.
Primarily on the working group and secondly on administration
the only thing is employees and you can develop and increase effectiveness by doing the following:
1. TRUST YOUR EMPLOYEES
2. ASK FOR (AND LISTEN TO) FEEDBACK
3. TRANSPARENT
Agree on experts answers, Thanks for your invitation.
Loyalty & commitment of employees.
Effective & efficient policies & procedures.
Commitment of management towards achieving desired goals.
Clearly defined line of authority.
Condusive working environment.
Employee training & development.
Properly fuctioning & integrated systems.
Effective & efficient strategy formulation & excution
the effectiveness of a company depends mostly on their honesty in dealing with others
The effectiveness of a company depends on its ability to change with the marketplace and to keep up with its competitve edge.
The effectiveness of the company depends on its internal organization and arrangement of its resources, human, material and financial. It depends, also on the quality of its relations with its different partners.
