Case Interview Prep

Category - Management

Bob is a senior level manager. He is creating a performance review for one of his sub-managers, Chris. He is reviewing Chris’s personnel time management, financial and budget usage, and overall resource management. Which aspect of management is Bob focusing his review on?
  1. Effectiveness
  2. Efficiency
  3. Allocation
  4. Cooperation
Explanation
Answer: B - When looking at the efficiency of a manager, all three factors should be considered: personnel time management, financial and budget usage, and resource management.

Key Takeaway: The efficiency with which a project or task is completed depends on how well the manager utilizes his or her resources such as personnel, money, and materials. The more efficient a manager is, the more the entire organization can accomplish. To increase a manager’s efficiency, he will need to ensure that his personnel’s time is used well, that he stays within budget constraints, and that all resources are allocated properly.
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