Efficiency and Effectiveness in a Company

Efficiency and Effectiveness 

Definition of Efficiency

Efficiency means doing things right or getting the most output from the least input that is not wasting resources.

Efficiency in management

Some managers told that limiting interruption actually increases efficiency because of good time management. Some managers told that employee productivity increases efficiency as they can work without wasting time and resources. However, there are other techniques to increase efficiencies like using technology which is obviously much efficient, and task management software helps to estimate and schedule, track dependencies, resources, and milestones and help to make decisions when changes in priority are needed. There should a culture of open communication so that everyone can have the rights to share ideas. company meetings also help to execute ideas to find a better strategy to work in an efficient way.

Definition of Effectiveness

Effectiveness means doing the right things or doing those work activities that will result in achieving goals.

Effectiveness in management

Organizations have many goals and they use many strategies to accomplish those goals. One of the goals is making a profit with customer satisfaction. Some managers told that they prefer to satisfy the customer with superior services to maintain long term relationships and there are others who told that they want to provide the highest quality product possible. Some companies hold down costs to give lowest-priced products to customers. In the end, every company wants to create a competitive advantage.