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Monday, September 30, 2013

Efficiency and Effectivenes

Having taught for almost 12 years in the Business Graduate School at the University of St. La Salle in Bacolod City, the terms efficiency and effectiveness have always generated lively and intriguing discussions in Operations/Production Management and Human Resource Management courses.

The adjectives efficient and effective are very common terms related not only to productivity and work performances of managers and employees but also to work plans, systems and procedures.  However, most of us tend to mix their usages and meanings occasionally, so that maybe writing on this subject would be valuable to most of the readers specifically those who are in the management and labor sectors of both public and private organizations. 

But first thing first, let’s start with the definition of the terms efficient and effective.

Wednesday, September 25, 2013

MAKING DECISIONS – A Crucial Phase in Life

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An essential part of life is making decisions. We make decisions on a daily occurrence; from the food we choose to eat, the dress that we buy, the friends that we keep and many other daily activities that we do. In many of these cases, decision making is something that we do without much thought, without hesitation, without much concern. However, in important issues we tend to think twice assessing the situation giving us moments of hesitation, doubts and fears on the outcome of a bad decision. Choosing a career, life partner and business ventures are classic example of critical concerns that necessitate careful study and assessment before making decisions. Matters that will significantly affect our lives and our families are subjects that are included in this type.