In Todays environment, which is more important to organizatios — Efficiency or Effectiveness?
EFFICIENCY means: saving TIME, MONEY or EFFORT EFFECTIVENESS means how well the job gets done. i.e. the quality of the output. EFFICIENCY and EFFECTIVENESS do not mean the same thing! In fact, they are often natural enemies. Often you can have one, or the other, but not both (unless you are lucky or you want to spend a lot of money.) Being efficient means you spend less time on something, you spend less money on something or you spend less effort (or number of workers) on something. You will not often get all three types of efficiency. Which one you aim for depends on what you are trying to achieve. Being effective means you do your job well. In other words, the output (finished product) is of high quality. Which is better for organization this depends on the organization and it activities, in general Effectiveness is more important, but in these days and these global economic problems, organizations should concentrate more on Efficiency and the way they use their resources. Make Ur Da
