Business Studies, asked by stargirl3416, 1 year ago

Difference between efficiency and effectiveness in management with examples

Answers

Answered by ayanakhan
1
Effective – Adequate to accomplish a purpose; producing the intended or expected result.

Efficient – Performing or functioning in the best possible manner with the least waste of time and effort.

The difference between effectiveness and efficiency can be summed up shortly, sweetly and succinctly – Being effective is about doing the right things, while being efficient is about doing things right.
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