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Difference between effective and efficiency??

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Difference between effective and efficiency??

Posted by Sanjay Kumar 5 years, 2 months ago

CBSE > Class 12 > Business Studies

3 answers

Adarsh Raj 5 years, 2 months ago

Effective means completing the work on time . Efficiency means completing the work with minimum cost and maximum utilization of resources.

Kashish Agrawal 5 years, 2 months ago

Effective means doing the task correctly, completing activities and achieving goals on time. Efficiency means doing the task in the right way, and with minimum cost.

Gaurav Seth 5 years, 2 months ago

The ability to produce maximum output with limited resources is known as Efficiency. The level of the nearness of the actual result with planned result is Effectiveness.
Efficiency is ‘to do the things perfect’ while Effectiveness is ‘to do perfect things’.
Efficiency has a short run perspective. Conversely, the long run is the point of view of Effectiveness.
Efficiency is yield-oriented. Unlike Effectiveness, which is result oriented.
Efficiency is to be maintained at the time of strategy implementation, whereas strategy formulation requires Effectiveness.
Efficiency is measured in operations of the organisation, but Effectiveness of strategies is measured which are made by the organisation.
Efficiency is the outcome of actual output upon given the number of inputs. On the other hand, Effectiveness has a relationship with means and ends.

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