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Giving suitable reason identify the following situation whether the manager is effective efficient both or neither Mr Allen drafted a well documented and factual report on the financial performance on the company but he could not presented in the board meeting as he could not completed on time.?
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Giving suitable reason identify the following situation whether the ma...
Introduction

In this situation, Mr. Allen drafted a well-documented and factual report on the financial performance of the company but could not present it in the board meeting as he could not complete it on time. To determine whether the manager is effective, efficient, both, or neither, we need to understand the difference between effectiveness and efficiency.

Effectiveness vs. Efficiency

Effectiveness refers to achieving the desired result or outcome, while efficiency refers to achieving the desired result with the least amount of resources, time, and effort.

Manager's Effectiveness

Mr. Allen's report was well documented and factual, which shows that he is an effective manager. He was able to gather the necessary information and present it in a way that could be easily understood by the board members. However, he was unable to present it on time, which could be a cause for concern.

Manager's Efficiency

Mr. Allen's inability to present the report on time indicates that he may not be an efficient manager. He was unable to complete the report within the given timeframe, which could be due to poor time management skills or lack of prioritization. This led to a delay in presenting the report and could have a negative impact on the company's decision-making process.

Conclusion

In conclusion, Mr. Allen's situation indicates that he may be an effective manager in terms of his ability to produce a well-documented and factual report on the financial performance of the company. However, his inability to present it on time indicates that he may not be an efficient manager. To be an effective and efficient manager, one must be able to produce high-quality work within the given timeframe, which requires effective time management and prioritization skills.
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Direction: Read the following text and answer the questions given below:Tasty Ice Creams Ltd. is a very famous company in Indore and has many branches in different parts of the city. They also have major expansion plans as they expect that their customers will increase in number in the next two years. Tasty Ice Creams Ltd. produces a variety of ice-creams which are extremely popular in the city and one brand of icecream ‘Magic’ sells the most. Thus, the company undertakes the maximum production for ‘Magic’ and it contributes to their revenue to the extent of 25% and has the largest market share. The company has undertaken different strategies to ensure that they remain the market leader in Indore. One of the methods it follows is Differential Piece Wage System to differentiate between efficient and inefficient workers. It is so because the company believes that in this way its inefficient workers would be encouraged to perform better and improve their productivity. This will motivate them to be at par with the efficient workers. Thus, Tasty Ice Creams Ltd. has determined the standard time and other parameters on the basis of the work-study techniques of Scientific Management. It has been determined that the standard output per worker per day is 10 units and those who made standard or more than standard will get ₹ 50 per unit and those below will get ₹ 40 per unit.Such a worker producing 15 units is termed as ………………..

Direction: Read the following text and answer the questions given below:Shruti, a student of management at MDI, Gurgaon, likes to relate what she has learnt in her classes during study to real life situations around her. She observed many situations while watching educational programmes on television that remind her of concepts of Scientific Management. In one such programme, factories manufacturing parts for products like automobiles, computers and mobile phones were being telecast. These factories had defined benchmarks during production and were continuously aiming at eliminating unnecessary diversity of products. Thus, they aimed at eliminating superfluous varieties, sizes and dimensions and devising new varieties instead of the existing ones. While watching the programme, Shruti realized that these companies could adopt one best way of doing the job in order to be more productive. She also felt that the employees of these companies were working for long hours continuously and needed to adopt certain strategies in order to improve their efficiency. The programme also showed a few interviews where some workers were found to be highly efficient as compared with a few others.Which Scientific Management technique would Shruti advise these factories to implement in order to motivate the inefficient workers to perform better?

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Giving suitable reason identify the following situation whether the manager is effective efficient both or neither Mr Allen drafted a well documented and factual report on the financial performance on the company but he could not presented in the board meeting as he could not completed on time.?
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Giving suitable reason identify the following situation whether the manager is effective efficient both or neither Mr Allen drafted a well documented and factual report on the financial performance on the company but he could not presented in the board meeting as he could not completed on time.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Giving suitable reason identify the following situation whether the manager is effective efficient both or neither Mr Allen drafted a well documented and factual report on the financial performance on the company but he could not presented in the board meeting as he could not completed on time.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Giving suitable reason identify the following situation whether the manager is effective efficient both or neither Mr Allen drafted a well documented and factual report on the financial performance on the company but he could not presented in the board meeting as he could not completed on time.?.
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