Efficiency and Efficacy of Strategic Management in Romanian Hospitals
Efficiency and Efficacy of Strategic Management in Romanian Hospitals
Author(s): Roxana Gănescu, Celestin ConstantinSubject(s): Business Economy / Management, Welfare systems, Health and medicine and law, Accounting - Business Administration
Published by: EDITURA ASE
Keywords: Efficiency; efficacy; strategic management; Romania; hospitals;
Summary/Abstract: A service providing organization that reaches high levels of meeting the consumer’s demands is an efficient company. An efficient organization is the one that achieves the products with minimum resources consumption. Effectiveness and efficiency must go together. Effectiveness with no efficiency, in an organization aiming at getting profit, may possibly lead to bankruptcy or profits much smaller than the normal ones, if the company is not able to collect enough money for the services it provides in order to be able to cover its costs. […]
Journal: Revista de Management Comparat Internațional
- Issue Year: 10/2009
- Issue No: S2
- Page Range: 1120-1123
- Page Count: 4
- Language: English