May 28, 2022

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DIFFERENCES BETWEEN EFFECTIVENESS AND EFFICIENCY

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DIFFERENCES BETWEEN EFFECTIVENESS AND EFFICIENCY


Effectiveness and Efficiency has already been defined earlier. Now we will go through the differences between effectiveness and efficiency.

1. Effectiveness means getting things done correctly while efficiency means getting things done in a cost benefit manner.

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2. Effectiveness means doing the right thing at the right time but efficiency do not mean doing the right thing at the right time.

3. Effectiveness do not mean the right thing is done in a cost beneficial way. However, efficiency means things must be done in a cost benefit way.

4. Effectiveness means management is aware of the current market wants and taste. But efficiency do not mean that management is aware of the current market needs.

5. An Effective manager is interested in achieving results but an efficient manager is interested in reducing cost of production or of service.

Read more on Efficiency
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