Question

Why becoming more effective and efficient in a company's daily operations will be beneficial to their long-term success?

Answer 1

Efficiency and effectiveness helps in the following ways:

1. It helps to compete over the various competitors in the market.

2. It helps in making customers more satisfied.

3. It helps in earning a good reputation in the eyes of everyone.

4. It helps in saving many types of unncessary costs.

5. It helps in earning more and more profits.

6. It helps in making an organisation financially strong.

7. It helps in doing various social responsibilities towards the society.

Thus all these things help in long term success of an organization.