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All organizations require management to coordinate activities, allocate resources, and work towards common goals. Efficiency refers to using resources economically to produce outputs, while effectiveness is about producing outcomes that create value for customers and stakeholders. Effectiveness is generally more important for performance as it ensures an organization is meeting its objectives through valuable outputs, not just producing outputs efficiently without purpose.

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Nitin Grover
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291 views

Assignment

All organizations require management to coordinate activities, allocate resources, and work towards common goals. Efficiency refers to using resources economically to produce outputs, while effectiveness is about producing outcomes that create value for customers and stakeholders. Effectiveness is generally more important for performance as it ensures an organization is meeting its objectives through valuable outputs, not just producing outputs efficiently without purpose.

Uploaded by

Nitin Grover
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Q1. All organizations need management. Comment on this statement. Q2.

What is the difference between efficiency and effectiveness? Which is more important for performance and Why?

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