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Set for your department's efficiency for the upcoming year

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Your company is in financial distress. You are the department manager of the largest department in the company.
Your department's efficiency has averaged 92% the last several years.
Your competitors have averaged 96% efficiency

What objective do you set for your department's efficiency for the upcoming year?
Why?

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Solution Summary

The expert sets up a department efficiency for the upcoming year.

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TOWARDS AN IMPROVED OPERATIONAL EFFICIENCY

Robbins and Coulter (2004) defined efficiency as getting the most output from the least amounts of inputs. This would mean attaining achieving organizational targets or objectives with the least cost possible.

Objectives on operational efficiency may be determined by comparing year - to year performance or by comparing performance of ...

Solution provided by:
Elisa Valdez, PhD
Education
  • Bachelor of Science in Business Administration, University of the Philippines
  • Master in Business Administration, Saint Mary's University
  • Doctor of Philosophy in Education, University of the Philippines
  • Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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