6 Questions
What is the primary distinction between efficiency and effectiveness?
Efficiency is about getting the most done in the least amount of time, while effectiveness is about targeting efforts to get the most important things done.
What is the P/PC Balance, according to the text?
A balance between production and production capability.
What is the moral of Aesop's story of the goose that laid golden eggs, as it relates to the P/PC Balance?
One should strike a balance between producing results and investing in production capability.
What happens when one prioritizes short-term results over long-term results, according to the text?
One risks wearing out the mechanism that creates the results.
What is the result of not maintaining the P/PC Balance, as illustrated by the story of the goose that laid golden eggs?
The farmer lost the goose and the golden eggs.
What is the key to achieving effectiveness, according to the text?
Balancing short-term results with long-term results.
Study Notes
Efficiency vs Effectiveness
- Efficiency focuses on getting the most done in the least amount of time
- Effectiveness targets efforts to achieve the most important things
P/PC Balance
- P: Production of desired results
- PC: Production capability, or the mechanism that produces the results
- Balancing short-term results (P) with long-term capability (PC) is crucial for effectiveness
Aesop's Fable: The Goose that Laid Golden Eggs
- A farmer's impatience and greed led to killing the goose, resulting in no more golden eggs
- Valuing short-term results (P) over the production capability (PC) led to an imbalance and ultimately, a loss
Importance of PC Maintenance
- Continuously invest in maintaining PC to ensure continuous production of P
- Prioritizing short-term results over production capability can lead to exhaustion and loss of both
Learn about the difference between efficiency and effectiveness, and how to achieve a balance between short-term and long-term results. Understand the concept of P/PC Balance and its importance in achieving effectiveness.
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