Correct option is A
Organizational efficiency refers to how effectively an organization uses its resources (such as time, money, personnel, and materials) in achieving its goals. It focuses on maximizing outputs with minimal inputs, thereby ensuring optimal utilization of resources.
Key Points: 1. Efficiency = Resource Utilization:
· It measures how well resources are deployed to achieve desired outcomes.
2. Input-Output Ratio:
· Efficiency is about achieving the maximum output with the least amount of input.
Explanation of Other Options: · (b) Organizational effectiveness:
· Refers to how well an organization achieves its goals and objectives, but it does not emphasize resource usage.
· (c) Organizational achievement:
· Not a standard management term; it may imply success but does not relate to resource usage.
· (d) Organizational leadership:
· Focuses on guiding and influencing people within the organization, unrelated to resource utilization.
Correct Answer:
(a) Organizational efficiency
Information Booster 1. Efficiency vs. Effectiveness:
· Efficiency: Doing things right; minimizing resource use.
· Effectiveness: Doing the right things; achieving the intended objectives.
2. Examples of Efficiency:
· Reducing production costs while maintaining product quality.
· Streamlining operations to minimize time wastage in project management.
3. Applications in Sports Management:
· Efficient allocation of training facilities and budgets to enhance athlete performance.
· Managing event logistics with minimal overhead costs.