3 Questions
What is the main focus of efficiency?
Completing the task at minimum cost
How are efficiency and effectiveness related?
They are interrelated
What does effectiveness primarily concern?
Completing the task on time
Study Notes
Efficiency and Effectiveness
- The main focus of efficiency is on the minimization of waste and the optimization of resources to achieve a given output or goal.
- Efficiency is related to effectiveness in that they are both measures of performance, but they have different areas of focus: efficiency is about achieving more with less, while effectiveness is about achieving the desired outcome.
- Effectiveness primarily concerns realizing the desired outcome or goal, and it is often measured in terms of achieving a specific objective or target.
Test your understanding of efficiency and effectiveness in management with this quiz. Explore the interrelated concepts and their significance in achieving optimal performance and results.
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