A magazine, in an article dealing with management, wrote, “When he took over the furniture factory three years ago … [the manager] realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap. Within a few weeks, he set up a task force of managers and workers to deal with the problem. And within a few months, they reduced the amount of scrap to $7,000 worth [per year].” Was this necessarily an economically efficient move? Explain your answer.

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In the situation under consideration, there is an excerpt from a magazine in which the following situation is described. The manager of the furniture factory realized that his company throws away at least $100,000 a year worth of wood scrap. He decided to change the situation, and thus he established a group of managers and workers whose task was to reduce the waste. During the period of several months, the task force group was able to reduce the amount of their waste to $7,000 worth per year. This situation represents a great example of efficient waste management in organizations. However, it is essential to question the necessity of this move for economic efficiency to be critical enough.

Overall, it should be stated that the generalized effect of the described initiative is significantly positive for the company. First of all, the most evident benefit of this waste management program is shown in numbers: the per-year worth of wood scrap thrown away by the company has decreased from $100,000 to $7,000. This result solely could be considered a huge economic win for the company. However, it is also possible to mention that the company has reduced its impact on the environment by implementing this program. According to Gangolells, Casals, Forcada, and Macarulla, effective waste management is a means of achieving greater economic results. Therefore, it could be concluded that in the situation under discussion, this move was economically efficient.

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Academic.Tips. (2022) 'A magazine, in an article dealing with management, wrote, “When he took over the furniture factory three years ago … [the manager] realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap. Within a few weeks, he set up a task force of managers and workers to deal with the problem. And within a few months, they reduced the amount of scrap to $7,000 worth [per year].” Was this necessarily an economically efficient move? Explain your answer'. 22 November.

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Academic.Tips. (2022, November 22). A magazine, in an article dealing with management, wrote, “When he took over the furniture factory three years ago … [the manager] realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap. Within a few weeks, he set up a task force of managers and workers to deal with the problem. And within a few months, they reduced the amount of scrap to $7,000 worth [per year].” Was this necessarily an economically efficient move? Explain your answer. https://academic.tips/question/a-magazine-in-an-article-dealing-with-management-wrote-when-he-took-over-the-furniture-factory-three-years-ago-the-manager-realized-almost-immediately-that-it-was-throwing-away/

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Academic.Tips. 2022. "A magazine, in an article dealing with management, wrote, “When he took over the furniture factory three years ago … [the manager] realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap. Within a few weeks, he set up a task force of managers and workers to deal with the problem. And within a few months, they reduced the amount of scrap to $7,000 worth [per year].” Was this necessarily an economically efficient move? Explain your answer." November 22, 2022. https://academic.tips/question/a-magazine-in-an-article-dealing-with-management-wrote-when-he-took-over-the-furniture-factory-three-years-ago-the-manager-realized-almost-immediately-that-it-was-throwing-away/.

1. Academic.Tips. "A magazine, in an article dealing with management, wrote, “When he took over the furniture factory three years ago … [the manager] realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap. Within a few weeks, he set up a task force of managers and workers to deal with the problem. And within a few months, they reduced the amount of scrap to $7,000 worth [per year].” Was this necessarily an economically efficient move? Explain your answer." November 22, 2022. https://academic.tips/question/a-magazine-in-an-article-dealing-with-management-wrote-when-he-took-over-the-furniture-factory-three-years-ago-the-manager-realized-almost-immediately-that-it-was-throwing-away/.

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Academic.Tips. "A magazine, in an article dealing with management, wrote, “When he took over the furniture factory three years ago … [the manager] realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap. Within a few weeks, he set up a task force of managers and workers to deal with the problem. And within a few months, they reduced the amount of scrap to $7,000 worth [per year].” Was this necessarily an economically efficient move? Explain your answer." November 22, 2022. https://academic.tips/question/a-magazine-in-an-article-dealing-with-management-wrote-when-he-took-over-the-furniture-factory-three-years-ago-the-manager-realized-almost-immediately-that-it-was-throwing-away/.

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"A magazine, in an article dealing with management, wrote, “When he took over the furniture factory three years ago … [the manager] realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap. Within a few weeks, he set up a task force of managers and workers to deal with the problem. And within a few months, they reduced the amount of scrap to $7,000 worth [per year].” Was this necessarily an economically efficient move? Explain your answer." Academic.Tips, 22 Nov. 2022, academic.tips/question/a-magazine-in-an-article-dealing-with-management-wrote-when-he-took-over-the-furniture-factory-three-years-ago-the-manager-realized-almost-immediately-that-it-was-throwing-away/.

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