Scientific journal
European Student Scientific Journal
ISSN 2310-3094
ISSN 2310-3094
METHODS OF ASSESSING THE EFFECTIVENESS OF MANAGER´S WORK
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Success of the company depends on factors that affect it at macro and micro levels (legislation , consumers , etc.) And the question may arise : why with the same conditions ( the amount of money circulation, business idea , and so etc.) one company provided by managers sometimes more stable at the market and operates more successfully in contrast to the second ? Is it possible somehow to measure the effectiveness of management team and individual managers work? There is no specific method to measure this indicator at this period of management theory development. To try to do it, first it`s necessary to understand what efficiency means. In general, the term means effectiveness of something. There are two types of effectiveness: economic and social. Economic type characterizes the ratio of benefits to cost, and the social type is the degree to meet the needs of potential buyers. Efficiency indicates how much the result is greater than the costs made.
effectiveness
manager
methods of assessing