It is
very important for management to be efficient and effective. Successful businesses are the ones
that are very efficient. When management uses resources efficiently, they are able to maximize
production, the use of the workforce, and profits. Inefficiency leads to increased costs. It may
also lead to a misuse of the workforce, which could create problems.
Management must also be effective. It must be effective in dealing with issues that
arise with the workforce. Unhappy workers may be less productive. If tensions exist in the
workplace, productivity may also suffer. Management must be able to deal with these issues to
provide a positive work environment.
Management must also be effective when
dealing with its customers. It is important for management to create an environment where
the...
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