FACTORS INFLUENCING SUSTAINED MANAGERIAL EFFICIENCY
FACTORS INFLUENCING SUSTAINED MANAGERIAL EFFICIENCY

Summary/Abstract: The concept of effectiveness is learnable in economic theory and practice with various forms of manifestation of the results obtained by the managers, such as profitability, the productivity of factors of production, capital efficiency, cost savings, etc. Regarded as the organizing principle and driving activity in the market economy, it has a much richer content and also favorable results of generalizing all derived by managers. Choosing effective in meeting needs with limited resources or powerlessness to maximize resource needs under restrains, are expressions through which efficiency is situated at the heart of economic theory and practice.

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