efficient-management

Vocabulary Word

Definition

'Efficient-management' is managing in a way that gets the most done in the least amount of time and with the least waste. Imagine you're cooking and you find the best way to chop vegetables and cook them fast, with little waste. That's efficient management.

Examples in Different Contexts

In business management, efficient management means achieving goals with minimal resources. A CEO might declare, 'Through efficient management, we've increased productivity while cutting costs.'

Practice Scenarios

Business

Scenario:

Given our tight budget and tight delivery timeline for the new project, we need to think strategically to ensure success.

Response:

Absolutely, efficient-management of resources and time would be key in meeting our goals.

Tech

Scenario:

Our server resources are increasingly strained with the rising user traffic. We need an effective strategy to handle this.

Response:

You're right. Efficient management and optimization of our server resources will be crucial in handling increased user traffic.