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• W2280294105 abstract "Efficiency and effectiveness are fundamental parameters of management that indicate the managed system’s overall viability and progress. Therefore their assessment is equally important at each of management’s 3 levels – the operational, tactical and strategic one. However, methods for evaluation of efficiency and effectiveness are traditionally better developed at the lower operational level and used daily as something obligatory. Sophisticated quantitative techniques have been applied there since the times of F. W. Taylor. In contrast, the estimation of efficiency and effectiveness of strategies is a rare practice. It does hardly stretch beyond assessment of effectiveness alone based on historical analysis or growth reports that give indirect, relative or partial indication of strategic adequacy. Strategic efficiency is hardly measured at all. Efficiency and effectiveness are fundamental parameters of management that indicate the managed system’s overall viability and progress. Therefore their assessment is equally important at each of management’s 3 levels – the operational, tactical and strategic one. However, methods for evaluation of efficiency and effectiveness are traditionally better developed at the lower operational level and used daily as something obligatory. Sophisticated quantitative techniques have been applied there since the times of F. W. Taylor. In contrast, the estimation of efficiency and effectiveness of strategies is a rare practice. It does hardly stretch beyond assessment of effectiveness alone based on historical analysis or growth reports that give indirect, relative or partial indication of strategic adequacy. Strategic efficiency is hardly measured at all. Are strategies really subscribed to rates of success so high that make systematic and thorough assessment of their effectiveness and efficiency unnecessary? Is there a lasting guarantee that the strategic vision and objectives are reframed timely and accordingly to changing historical circumstances? If any serious doubts in this regard exist, what steps should be made? Are they worth at all? Presumably, leaders’ awareness of current efficiency and effectiveness of particular strategic actions is a matter of utmost importance for securing systemic success. These are effective and efficient strategies that develop common meanings synchronizing processes within the managed system from top to bottom and thus leading to a general multiplier effect. These are effective and efficient strategies that provide those distant horizons of management that make lasting prosperity and security possible. Moreover, in an era of globalization management of big social entities such as entire countries or international economic and political megastructures cannot rely on traditional esteems of operational or even tactical efficiency. In this context, the more general a strategy, the higher the importance of its parameters are for the managed system’s security, advancement and prosperity. Therefore efficiency and effectiveness particularly of grand strategies plays the most crucial role for strategic management" @default.
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• W2280294105 date "2012-06-14" @default.
• W2280294105 modified "2023-09-24" @default.
• W2280294105 title "EFFICIENCY AND EFFECTIVENESS OF GRAND STRATEGY" @default.
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