Efficiency vs effectiveness Source: http://www.digital-knowledge.nl/dikn/en/to-develop/to-change/efficiency-versus-effectiveness.html Change is often difficult; sometimes it’s not. Sometimes it’s just a matter of looking at things differently. In our society efficiency is seen as very important‚ but should we really make efficiency that important? Perhaps by using slightly different‚ but very similar measures‚ the nett result is really different! The terms effectiveness and efficiency are related
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1. How an auditor evaluates the efficacy of internal control system? Ans: The auditor has to decide whether he can place reliance on the internal control. If internal control is adequate‚ he can restrict nature‚ timing and extent of his checking accordingly. If not‚ he is left with no alternative but to resort to detailed checking. The manner of evaluation of internal control may be in the following lines: 1. Making preliminary evaluation of the system 2. Compliance procedures to evaluate
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Some of the effective human resource management practices that I have seen and experienced are the human resource management creating an environment full of diversity among staff. Recruiting employees that are trained in more than one area within the organization and providing opportunity to advance within the company to other areas of position. I have experience effective practice with how the human resource management makes recommendation to higher up regarding individuals who work beyond his/her
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Performance based budgeting The budget remains the single most important issue facing the courts. Since the financial crisis of 2008‚ the budgets for the federal judiciary have been decreased roughly 8 percent‚ i.e. $555 million from $7 billion a year. The judiciary reduced its overall workforce through layoffs by 5‚400 court staff‚ which is roughly one quarter of its total workforce. Unfortunately‚ the organization has to follow the budgets. Budget cuts are gradually harming court system and
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In addition‚ it requires increased investment in acquiring sophisticated equipment and technology and in recruiting and training staff to meet the new performance needs. According to Robinson & Brumbly (2005)‚ in order to achieve improvement in efficiency‚ effectiveness and equity‚ it is vital to create the right mix of quality staff‚ provide them with the necessary tools‚ equipment and technology as well as improve their general welfare by improving working environment and remuneration. Moreover
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Assignment: Human Service Agency Interview The PHG interview assignment: Page 2 To do this interview I could have used either the email‚ telephone‚ or in-person approach‚ but I chose to do the interview using the telephone approach. I had to choose this approach because I do not have reliable
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distinct higher up in the supply chain. This variance can interrupt the smoothness of the supply chain process as each link in the supply chain will over or underestimate the product demand resulting in exaggerated fluctuations. The bullwhip effect just like “Butterfly effect.” The manager should doing the environment scanning‚ noticed any tiny changes. To prevent the huge lost which is because the customer’s demand changes. Figure1.1 Bullwhip effect ●Why the bullwhip effect will happen? I think
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Evaluate the advantages and diadvantages of budgets A budget is a comprehensive‚ formal plan that estimates the probable expenditures and income for an organization over a specific period. Budgeting describes the overall process of preparing and using a budget. Since budgets are such valuable tools for planning and control of finances‚ budgeting affects nearly every type of organization from governments and large corporations to small businesses. A small business generally engages in budgeting
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We could see that this system used by AirAsia is successful as they have been doing really well and improving since year 2001 from first airline in the world to introduce mobile booking‚ to be a public listed company on the Malaysia Stocks Exchange (Bursa Malaysia)‚ after having on 22 November 2004. In line with its growth and expansion plans‚ AirAsia has secured a 175 aircraft commitment with Airbus for its A320s. The 175 aircraft order will place AirAsia as the single largest customer for the
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Why is performance appraisal important? Performance appraisal is a formal system of measuring‚ evaluating and influencing an employee on job related issues‚ behavior and outcome. The objective of a performance appraisal is to determine an employee’s productivity and to determine if his/her productivity can be improved. From the employee’s perspective‚ it is a time when they are informed if they are performing well or not and what corrective action needs to be undertaken and if they have achieved
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