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