Goals of Manager’s and Organizations is to raise Productivity, Effectiveness and Efficiency.

Goals of Manager’s and Organizations:

Aim of managers is to create a surplus by establishing an environment in which people can accomplish group goals with least amount of time, money, materials and personal dissatisfaction. To be successful in the 21st century companies must take advantage of IT especially the Internet and globalization.

 

Productivity, Effectiveness and Efficiency:

Another aim is to raise productivity

Productivity:

Out–input ratio within a time period with due consideration for quality. Productivity can be improved by: Increasing outputs with same inputs, decreasing inputs & maintaining same outputs and increasing outputs & decreasing inputs to change ratio.

Productivity implies:

Effectiveness & efficiency in individual & Org performance

Effectiveness: Achievement of objectives and

Efficiency: Achievement of objectives with least amount of resources & time