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6 Cards in this Set
- Front
- Back
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What is an Organisation? |
A Goal directed and Deliberately structured entity |
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What is efficiency? |
Amount of resources (materials, cash, people) used to produce a desired volume of output. |
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What is Effectiveness? |
The degree to which an organisation achieves its dated goal. |
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How is an organisations performance defined? |
It's ability to reach goals using resources in an efficient and effective manner. |
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What is management? |
The ORGANISATION and COORDINATION of the activities of a business in order to ACHIEVE defined OBJECTIVES. |
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What is the process of management? |
Using RESOURCES to carry out MANAGEMENT FUNCTIONS and produce desired PERFORMANCE. |
