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Efficiency and effectiveness are arms used to describe every factor that take place to achieve an organization’s goal. Efficiency and effectiveness both are used to achieve organization’s goal but they can be different in many ways. “Efficiency’ refers to the amount of resource used to complete a task or product. An efficient company would use the least amount of resources to achieve its goals. In the other hand, “effectiveness” refers to the levels of results taken by employees or managers.
Producing high quality results would describe effectiveness in an organization. As an example of efficiency we can use a company, which manufacture Jets. The company builds both small and big Jets. This company expends more resources (raw materials, labor, overhead costs and others) building small Jets than big Jets so; they are efficient at making big Jets than small jets. To be more productive they could trade off big Jets for small Jets. An example of effectiveness would be when a manager improve sale and maintain them constantly.
This would make the organization achieve its. We can conclude that even though effectiveness and efficiency can be used for the same purpose, they can also be different. For performance, if the business is looking to achieve its goal by using the least amount resources than efficiency would improve its performance, but if the business’s goal is to achieve high quality results, then effectiveness would improve its performance. Either one efficiency or effectiveness can be important to increase performance.
It depends only in the business’s goals. Managers can improve both – efficiency and effectiveness – simultaneously. If an organization is being successful in using its resources without wasting it then it will also produce high quality results, which demonstrate an increase in both efficiency and effectiveness. In conclusion, for an organization to achieve its goals, needs to evaluate and improve its effectiveness and efficiency to maintain the continued growth and development of itself. . What is one (1) current ethical issue in the business news today? Identify one company that seems to be handling an issue in an ethical and socially responsible manner – how are they doing? Identify one company that seems to be unethical and irresponsible? Ethics means different things to different people, but at the end is a basic sense of societal right or wrong. Nowadays there are various ethical issues in the business environment.
One of the ethical issues would be “the discrimination”. For example, in a predominantly male environment, some male employees would make inappropriate comments about the presence of a new female employee in the company. The manager of this company should sanction those employees for their conduct. Females should be treated equally and with the same respect as any others employee. Treating her differently based on her gender may be considered discriminatory and also unethical.
According to Competition Bureau of Canada, an industry that used to handle an issue in an ethical and socially responsible manner is Asks Nobel Industrial Chemicals B. V. , which supplies essential products used in the production of thermoplastic resins and thermoses and lassoers materials. On August 18, 2003 this industry was pleaded guilty in the Federal Court of Canada and was sentenced to nines totaling $2. 9 millions for its part in conspiracies to fix prices in the market for an important animal feed additive and a chemical used in numerous commercial and consumer products.
Business should not only make a profit but also consider the social implications of their activities, which would be a way to be a good corporate citizen. In this case from a social responsibility perspective, the industry must concern about the impact of their actions that can cause in the interest and welfare of society as well of itself. Another case of unethical and irresponsible company is Nests, this company irresponsibly markets baby milk formula, which infringes the International code of Marketing of breast milk substitutes.
Poor African women are encourages to buy Nestsg’s milk than use their own breast milk. Basically, many companies and industries are unethical in some way or another, which really means that these companies will Just do anything to makes itself profit. 3. If you were a CEO of a medium-sized real estate agency, describe the MOB process you could use in your company. What would be some the objectives you set (with your subordinates) under the MOB process? List at least five (5) goals for you managers and sales agents.
A management objective is a process of defining objectives within an organization so both, managers and employees agree to achieve common goals of understanding what need to improve the organization. If I were a CEO of a medium sized real state agency, my MOB process would be as follow; I will meet my managers to develop the scope of work to be accomplished. My managers would meet with my sales agents to discuss the required outcomes. Also I ill involve my managers and sales agents in the process of goal setting and increasing employee empowerment, with this the commitment and employee Job satisfaction will increase.
After that, my managers will evaluate the employees on how well objectives were accomplished. Managers and Sales agents duties would be implemented in order to achieve the company goals. The main goals that need to be accomplished by my managers are the following: to operate my real state agency with the highest degree of integrity. Utilize the property research skills and costumer services experience in a dynamic ell state setting to obtain a position of Real State agency with Ideal Estates, also to improve the selling in 20% annually.