THEORETICAL ASPECTS OF MANAGEMENT EFFICIENCY

The article examines the theoretical aspects of the effectiveness of management activities. It is argued that the concept of efficiency is important and relevant for management activities in any field, whether it be industry, finance, education, healthcare, or public administration. In today's environment of increasing competition and limited resources, management efficiency becomes a decisive factor in the success of an organization. Studying the concept of management efficiency is important for understanding how to evaluate and improve the performance of an organization. There are known cases when companies focus too much on increasing sales or production volumes, ignoring cost-effectiveness, which can lead to reduced profitability and the risk of bankruptcy. Therefore, understanding the concept of efficiency is necessary for making informed decisions in management. It has been proven that studying the concept of efficiency can also help identify best management practices and develop strategies to improve organizational efficiency. This is particularly relevant in the field of public administration, where ensuring the efficiency of government agencies is a key factor in the success of reforms and the country's development.