Distinguish between the Efficiency Approach and Effectiveness Approach to time Management.

 Efficiency means whatever you produce or perform; it should be done in a perfect way. Although, Effectiveness has a broader approach, which means the extent to which the actual results have been achieved to fulfill the desired outcome i.e. doing accurate things. These are the metric used to gauge the performance of an employee in an organization. Efficiency and Effectiveness are the two words which are most commonly juxtaposed by the people; they are used in place of each other, however they are different.

While efficiency is the state of attaining the maximum productivity, with least effort spent, effectiveness is the extent to which something is successful in providing the desired result. The points, given below describe the substantial differences between efficiency and effectiveness:

The ability to produce maximum output with limited resources is known as Efficiency. The level of the neamess 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 liand, Effectiveness has a relationship with means and ends.

Conclusion

Efficiency and Effectiveness both have a prominent place in the business environment which must be maintained by the organisation because its success lies on them.

Efficiency has an introspective approach, i.e. it measures the performance of operations, processes, workers, cost, time, etc. inside the organisation.

It has a clear focus on reducing the expenditure or wastage or eliminating unnecessary costs to achieve the output with a stated number of inputs.

In the case of Effectiveness, it has an extroverted approach, that highlight the relationship of the business organisation with the rest of the world to attain a competitive position in the market, i.e.

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