How the company attain efficiency and effectiveness on global platform?
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As businesses seek to grow by maximizing returns while reducing costs, the words “efficiency” and “effectiveness” are often used interchangeably. But they’re not the same thing. As technical innovations such as automation make it easier than ever to rapidly scale, understanding the distinction between the two — and how each can help your organization achieve more — has never been so important.
Doing things right vs. doing the right things
“Efficiency is doing things right; effectiveness is doing the right things,” Peter Drucker, often touted as the “Father of Modern Management,” famously said. While improving efficiency means doing things faster, using fewer resources, in fewer steps, effectiveness means aligning improvements to the way you work to high-level corporate goals. Instead of efficiency for efficiency’s sake, increasing effectiveness requires taking a more focused and strategic approach.