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What is efficiency effectiveness?
Efficiency effectiveness can only be measured by results; cost efficiency, time efficiency, output efficiency, etc.
What is difference between effectiveness and efficiency and why?
effectiveness refers to the ability to produce the desired results. efficiency refers to the correctness of the produced result ex; effectiveness is like making an engine of high performance and efficiency is like the extent to which it works and reach the goal of the manufacture
Which is more important for performance efficiency or effectiveness?
Efficiency in day-to-day systems of operation keeps all departments working smoothly, without causing needless mistakes and costly delays. Systems must be effective, so they generate results in the form of revenue or productivity, or they can be just as damaging to a small enterprise as inefficiency can be.
How can the term business efficiency be explained?
In business efficiency is achieving the goal with least amount of resource consumption. Productivity and effectiveness are calculated by using an efficiency comparison.
What ratio sHows an organization's effectiveness in minimizing production costs?
efficiency ratio
What is the Meaning of management efficiency and effectiveness?
Between efficiency and effectiveness which one is more important for performance
In managing time what is ultimately more important than efficiency?
effectiveness
What is most important for the organization efficiency or effectiveness?
effectiveness
In todays environment what is more important to organization efficiency or effectiveness?
both are most important for an organization
Is efficiency or effectiveness more important to organizational performance Can managersimprove both simultaneously?
playwrights
What is difference between efficiency and effectiveness?
Efficiency is all about saving time, money or effort. Effectiveness is all about getting the job done.Improved:Efficiency is doing things right, and effectivenessis doing the right things. Efficiency is a measure of speed and cost. For example: Efficiency says "Getting someone in here right away is more important than getting the right person later." Effectiveness is a measure of quality. Effectiveness says the opposite: "Hiring the right person is more important than hiring someone right away."
What is efficiency effectiveness?
Efficiency effectiveness can only be measured by results; cost efficiency, time efficiency, output efficiency, etc.
In today environment which is more important to organization efficiency or effectiveness?
Both are integral to effective management. Management refers to the process of coordinating and integrating work activities so that they're completed efficiently and effectively with and through other people. Efficiency is getting the most output from the least amount of inputs, the goal of which is to minimize resource costs . Effectiveness is completing activities so that organizational goals are attained; often described as "doing the right things"
Effectiveness and efficiency measure by what?
Effectiveness measures if the desired outcome is achieved, while efficiency measures how well resources are used to achieve that outcome. Effectiveness focuses on doing the right things, while efficiency focuses on doing things right. Both are important for assessing the overall performance of an organization or process.
Why is effectiveness better than efficiency?
Effectiveness is important because no matter how efficient your method/theory/work is, if its not working fine and has no significant impact than its useless.
How mergers and acquisition has played a vital role in en-chancing the efficiency and effectiveness of the organisation?
enhancing the efficiency and effectiveness of the organization
Explain why efficiency and effectiveness are important to management?
•Efficiency - getting the most output from the least amount of inputs-"doing things right"-concerned with means•Effectiveness - completing activities so that organizational goals are attained-"doing the right things"-concerned with ends
