All managers have to pay attention to costs and according to research, the best way to improve organizational effectiveness is by severe cost cutting.

Question

Quizplus · Accepted Answer

While cost control is an important aspect of management, it is not the only way to improve organizational effectiveness. Other strategies such as process improvements, innovation, and effective leadership can also lead to increased effectiveness. Severe cost cutting can also have negative consequences such as decreased employee morale and customer satisfaction.

All Managers Have to Pay Attention to Costs and According