General Studies · Functions and Concepts of Management
In management literature, what is the conceptual distinction between managerial effectiveness and managerial efficiency?
- 1Effectiveness refers to the systematic coordination of resources, while efficiency refers to the expansion of market share.
- 2Effectiveness is related to meeting personal objectives of employees, while efficiency relates to achieving social responsibilities.
- 3Effectiveness focuses on the optimal utilization of resources, while efficiency focuses on achieving the right goals.
- 4Effectiveness refers to achieving the right objectives, whereas efficiency refers to achieving objectives with minimal resource wastage.✓
Correct answer
Effectiveness refers to achieving the right objectives, whereas efficiency refers to achieving objectives with minimal resource wastage.
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