Economy, asked by akashdeykolpaiuc5, 1 year ago

What is the difference between effectiveness and efficiency?

Answers

Answered by rahulbharti
1
complete the work on time is effectiveness whereas complete the work in time through optimum utilisation of resources
Answered by best17
2
1. The ability to produce maximum output with limited resources is known as Efficiency. The level of the nearness of the actual result with planned result is Effectiveness.

2. Efficiency is ‘to do the things perfect’ while Effectiveness is ‘to do perfect things’.

3. Efficiency has a short run perspective. Conversely, the long run is the point of view of Effectiveness.

4. Efficiency is yield-oriented. Unlike Effectiveness, which is result oriented.

5. Efficiency is to be maintained at the time of strategy implementation, whereas strategy formulation requires Effectiveness.

6. Efficiency is measured in operations of the organisation, but Effectiveness of strategies is measured which are made by the organisation.

7. Efficiency is the outcome of actual output upon given the number of inputs. On the other hand, Effectiveness has a relationship with means and ends.
Similar questions