Question

“For management, it is important to be both effective and efficient. Effectiveness and efficiency are two sides of the same coin.” Comment.

Answer 1

effectiveness means doing work on time.
efficiency means optimum utilisation of resources.
both is important if employees are effective not efficient they will complete work on time but due to not proper utilisation of resources, it cause loss to the organisation and vise versa

Answer 2

In management, it is very important to be effective and efficient at the same time. Effective means doing correct things like taking correct decisions in the business correctly so that there is no loss in the business and efficient means doing things in a proper manner without wasting time and money. Both effective and efficiency go hand in hand. If one misses business faces a huge loss.