News Topics

Will I be wrong if I say “Efficiency and eff…

Will I be wrong if I say “Efficiency and effectiveness mean the same in strategic management”?

Will I be wrong if I say “Efficiency and effectiveness mean the same in strategic management”?

0
Chiranjibi Chapagain Mar. 08, 2018

Sadly, you would be wrong to say so.

The thing is, efficiency pertains to designing and achieving suitable input output ratios of funds, resources, facilities and efforts whereas effectiveness is concerned with the organization’s attainment of goals including that of desired competitive position.

While efficiency is essentially introspective, effectiveness highlights the links between the organization and its environment.

To be blunt, to be effective is to do the right things while to be efficient is to do things rightly.

Hi !

Would you like to call & ask your tax question to an expert for FREE?

Yes
×

Hi !

Would you like to call & ask your tax question to an expert for FREE?

Yes
×

Hi !

Would you like to call & ask your tax question to an expert for FREE?

Yes
×