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Q: Microeconomic factors affecting a manager's ability to be effective and efficient?
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Can managers improve both efficiency and effectiveness simultaneously?

A manager can be both efficient and effective at the same time with proper self training, dedication and a desire to do good can all contribute to being effective and efficient.


Can managers can improve both efficiency and effectiveness simultaneously?

A manager can be both efficient and effective at the same time with proper self training, dedication and a desire to do good can all contribute to being effective and efficient.


Who is responsible for establishing and maintaining internal controls to achieve the objectives of effective and efficient operations reliable financial reporting and compliance with applicable laws?

Managers


Can managers improve efficiency and effectiveness simultaneously?

A manager can be both efficient and effective at the same time with proper self training, dedication and a desire to do good can all contribute to being effective and efficient.Read more: Can_managers_improve_both_efficiency_and_effectiveness_simultaneously


Effective managers comparing with successful managers?

They are the same person.


Characteristics of an effective manager?

Effective managers are not afraid to delegate. They also challenge their employees to meet production for the business. Effective managers also have great communication skills.


What are the factors that prevent effective management?

Poor communication can prevent effective managers from meeting their objectives. The lack of empathy can also cause managers to be ineffective.


Obstacles to managers in making effective decisions?

The first obstacle to managers in making effective decisions is bias. Managers are often bias to certain individuals or information that provides more weight in making effective decisions. The second obstacle is overconfidence. Some managers overestimate their abilities, and overlook team members that have strengths to get the job done.


What should managers do to make upward communication effective?

jafor


Effective managers are likely to have?

technical, conceptual, and interpersonal skills


Which trait do you feel is the most characteristic of effective managers?

InitiatiVe


Difference between succesful manager and effective manager?

A synonym of Effective is Efficient. That is a measure of the bottom line, the amount produced compared to the amount used to produce it. An Effective manager gets more done with less expense or effort than other less effective or less efficient managers. Success is defined as favorable or desirable outcome. Efficiency and Effectiveness can be favorable outcomes, so they are intertwined in meaning. I think maybe you can be considered successful if you keep what you are managing from losing money, but you are effective if you manage in a way that you get the most profit you can from your resources. An Effective manager would be Successful, but maybe not the other way around.