Which management principle emphasizes efficiency and productivity while being conscious of costs?

The principle that emphasizes efficiency and productivity while being conscious of costs is improving management capabilities. This approach focuses on optimizing processes and resources to ensure that an organization operates effectively. By enhancing management capabilities, the organization can streamline operations, reduce waste, and make better decisions, which ultimately leads to improved productivity and cost-effectiveness.

Effective management involves understanding the internal processes and identifying areas for improvement. This includes implementing best practices, utilizing technology, and training managers and employees to work more efficiently. As a result, an organization can achieve higher output levels and maintain lower costs, aligning with the goals of efficiency and productivity.

Other options, such as eliminating risks, fostering employee creativity, and enhancing customer satisfaction, while important, do not directly focus on the core objective of improving productivity and managing costs as their primary goal.