Effective Management Process: a Way to Competitive Advantage through Superior Performance

By Wisey, 3rd May 2010 | Follow this author | RSS Feed | Short URL http://nut.bz/1gn0b-0b/
Posted in Wikinut>Business>Starting A Business

Business stresses the importance of the difference between EFFICIENCY and EFFECTIVENESS. Time work environments, active leaders, effective managers, opportunities, performances and management are the factors to the management process which management style is an actor in the Business Life.

Efficiency and Effectiveness

Efficiency describes the use of resources wisely with cost effectiveness. To measure the level of efficiency, we commonly use Variance Analysis to compare the standard deliverables to the actual result.

Effectiveness on the other hand is achieved through performance or goal in comparison with sets of objectives

Both Efficiency and Effectiveness aim at Superior Management and a Vivid Business Life. Likewise to time management, we can imply the art of working more in lesser time with better result.

Effective Management Process

Successful implementation of the process is a huge teamwork with a true effort. The process engulfs with 4 equally important ingredients:
- Active leaders
- Creation of a time and working environment
- Creating and providing opportunity for high performance achievement
- Creating and providing incentive to achieve high performance

Managers must always manage the diversity, globalization, Information technology, ethical standard, and even their own happiness and life's goals through the recurring management process:
- Planning
- Organizing
- Controlling
- Leading

To measure the Management Process is in a good shape and effective, manager will use a tool to measure the level of Competitive Advantage through observation and feedback on:
- Level of responsiveness to customer's needs
- Innovation
- Quality
- Efficiency

All angles of the tools are extremely important to the organization's long-term's success. Implementation of the "Total Quality Management" are key to deliver higher Competitive Advantages by continuation of improvement, getting all employees involved, listening and learning from customers and employees, and using accurate standard to eliminate and identify the problem.

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Meet the author

Wisey
Graduate in 2004 in Management, and in 2006 in Finance, Wisey is pursuing his dream of entrepreneur where reading, listening, improvement, sharing, enjoying and practice are key to his life success...