Examlex
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Efficiency
The capacity to achieve a desired result with minimal waste of time, effort, or resources.
Human Relations Approach
A management theory focusing on the importance of social relationships, employee well-being, and motivation in the workplace.
Scientific Management
A management theory that emphasizes the use of scientific methods to optimize labor productivity and economic efficiency, originally developed by Frederick W. Taylor.
Vested Interests
Stakeholders or individuals who have a personal stake or benefit in a particular outcome or decision.
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