Managerial effectiveness of state-owned firms : an empirical study of state-owned firms in Libya

1 and the worl~er' s organizations. 11 2. Manl:lgement.Process.Management.precess is identified in the generally accepted sense ef the tradition1:1,lfunctions of management as 2 planning, organizing; staffing, directing, and contrelling.3. Managerial Effectiveness.Ma~agerial effectiveness as used in this study is-defined as the degree-of gal attainment .of the firm.3 4. Management 11 Knaw-Hew 1 1 , Management 11 know-hew 11 ,means the .varioustechniques used successfully by managers in a large scale firm in the United States, to help them carry out,thei~ bas~c functions of planning, or~anizing, and.controlling.4 s .. Cost-Benefit.Analysis.A met~od ef comparing the relative costs and benefits of different alternative ceurses of action er 5 investments reduced.tacommon uniter (usually Dinars).