All managers have to pay attention to costs, and the best way to improve organizational effectiveness is by severe cost cutting.

Question

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While managing costs is important, the statement suggests that severe cost cutting is the best way to improve organizational effectiveness, which is a highly debated topic in management theory. Some argue that focusing solely on cost cutting can have negative effects on employee morale and long-term sustainability of the organization. Other factors such as improving productivity, increasing revenues, and investing in innovative technologies and processes should also be considered to improve organizational effectiveness.

All Managers Have to Pay Attention to Costs, and the Best