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Management - Assignment Example

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Efficiency and effectiveness are critical aspects meant to measure as well as assess the performance of an organization. Efficiency in this case encompasses the…
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Management Efficiency and Effectiveness For an organization to develop, it is dependent on its achievement of satisfactory results in respective operations. Efficiency and effectiveness are critical aspects meant to measure as well as assess the performance of an organization. Efficiency in this case encompasses the amount of resources used per unit of result whereas effectiveness gives a level at which an organization attains its goals, hence efficiency relates closely with performance. An example of being efficient and effective is a manager who implements a training program and trains every employee for the shortest time at cheapest cost. The manager will be efficient but if the program had no relevance with the organization’s objective, then he or she would be efficient but not effective. If the program costs more, the manager would be effective but not efficient.
Manager of an organization can improve both simultaneously by introducing the emergent technology. In busy offices, time wasting can cost the company immensely. For instance, the manager can introduce a printer that can print data from computers and this can improve efficiency and effectiveness within the workplace (Ehman).
Ethical Issues
Good reputation is the most important thing as it adds value to an organization. Being ethical and socially responsible is part of having a good organization. For instance, Aflac is an insurance company that has had recognition for being among the most ethical companies in the world. They have made this successful by treating shareholders with integrity and honesty.
Wal-Mart is almost the largest retailer and private company employer in the world. Despite the huge profits, it has faced stiff allegations from employees that they are not treating the right. First, the company employs illegal immigrants so that they can cut down costs. Sometimes they go unpaid when they work overtime. Many workers also complain of sexual discrimination and denial to medical care plans.
Social account is an imaginary account built by being helpful to people and it is measurable by the strength of one’s relationship within a network. We can earn, save, and spend this capital. It takes time and investment to earn social capital and the best way is to use attitudes and behaviors, which will build social capital (Townsend 24). Social capital can be of use in critical situations of an organization in order to improve its reputation.
MBO Process
It is essential to propose a leadership process that can work passably with performance appraisal of Management by Objective. This is in the view of leadership, as a trade by value by the bosses as well as subordinates will regard it as important in exchanging result-based performance that is satisfying to the CEO. The company will offer an appraisal of employee performance evaluation as this will help in the improvement of productivity and effectiveness of the company.
The main objective of this MBO is to estimate and improve an employee’s performance and increase their potential and hence the company’s value. Another objective is to enhance benefits of trade between the bosses and their subordinates. Here subordinates can get something of value to them in exchange of desired objectively measured performance improvement. The mostly offered reward here is psychological and not money.
The goals set for managers as well as sales’ agents mostly deal with those of personal advancements because they make them be competent, better besides valuable. They include,
Acquiring collateral competence - These are aspects learned so that the value of an employee in a company can augment. In addition, it can also enable one being more flexible in that a person can undertake anything else other than an individual specialty.
Improving job related skills – For instance, a manager can decide to do better coaching to the sales people so that a certain instilled proficiency will help one perform better. Therefore, when the manger has to improve in that area, he makes a commitment to improve on what has impact to his job.
Adding knowledge – This occurs when someone decides to learn what he does not know so this is important to them to be more competent
Taking part in learning activities – Here the employee can invest in their own advancement by taking part in learning activities like seminars with unclear results in mind.
Have a monthly formal planning session – This is an activity goal or managers so that they can have a direct plan on sales agents so that every month they can have monthly standards for the company.
Work Cited
Ehman, Mandi. Using Technology to Improve Efficiency in the Workplace. Life Your Way. 2010. Web. October 20, 2014 from improve-efficiency-in-the-workplace/
Townsend, Heather. FT Guide to Business Networking: How to use the power of online and offline networking for business success. Pearson UK. 2012. Print. Read More
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