StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The Difference Between Efficiency And Effectiveness - Essay Example

Comments (1) Cite this document
Summary
An essay "The Difference Between Efficiency And Effectiveness" discusses that both effectiveness and efficiency are important for performance in an organization and in most instances, organizations have tried to apply both, however, limited success is usually attained. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.8% of users find it useful
The Difference Between Efficiency And Effectiveness
Read TextPreview

Extract of sample "The Difference Between Efficiency And Effectiveness"

Download file to see previous pages Performance is usually a measure of whether a target has been reached or not. In the case of effectiveness, performance is enhanced as it measures the degree to which an organization meets its target objectives, while efficiency measures that which are used in the achievement of the objectives. In both instances, there is no measure of performance and hence none is more important in such a perspective. Performance is mainly attributed towards the result rather than the process used in realizing the results. In an instance in which minimal resources are used and no objective is met then the performance is reduced, and additionally, if the target is not met regardless of the effectiveness of the process, the performance is low. One aspect of significant importance in both instances is that organizations, managers can improve both simultaneously. Managers usually work towards attaining certain goals for profitability while at the same working on minimizing the associated resources such as time and costs. It is evident that a manager can improve both efficiency and effectiveness simultaneously. In the current business world, numerous ethical issues are experienced ranging from simple to complex issues. One of the greatest issues is that of inversion of privacy, a contribution of technology and communication, which has become an integral part of organizations towards achieving their objectives. In order to understand an ethical issue, it is best to find out the moral obligation behind it.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Difference Between Efficiency And Effectiveness Essay”, n.d.)
Retrieved from https://studentshare.org/management/1635785-essay
(The Difference Between Efficiency And Effectiveness Essay)
https://studentshare.org/management/1635785-essay.
“The Difference Between Efficiency And Effectiveness Essay”, n.d. https://studentshare.org/management/1635785-essay.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
el
ellsworth36 added comment 1 month ago
Student rated this paper as
The topic of "The Difference Between Efficiency And Effectiveness" is quite often seen among the tasks in college. Still, this essay opens a new perspective of seeing the issue. I’ll use the manner for my own document.

CHECK THESE SAMPLES OF The Difference Between Efficiency And Effectiveness

Difference between Liberalism and Socialism

...? Liberalism and socialism reflect the way in which political, social and economic situations are viewed in the society. Socialism is promoted by individuals that advocate for equal distribution of resources throughout the population. Such individuals feel that governments and other authoritative bodies in the society should create policies that eliminate poverty from a society. Socialism advocates for total control of resources that contribute to political and economic development. Only through such control, can the state achieve true success and economic prosperity of its people (Hinnfors, 2006). Introduction History and Political Science What is the difference between liberalism and socialism? Through...
7 Pages(1750 words)Essay

Difference between two time periods

...of the fourteenth century when scholars start to become skeptical about strict religious standards and begin to take particular concern on the nature of human existence (Johnson, 2005, p. 4). During this period, artists create artistic innovation, such as the portrayal of different aspects of life without necessarily preaching about good and evil. For instance, Michelangelo’s David demonstrates a realistic presentation of beauty although his subject is a biblical figure. As if deviating from the religious standards of the medieval traditions, David embodies the physical and psychological transitions of the Renaissance artist. The Relationship between Medieval and Renaissance Art In the context of...
3 Pages(750 words)Research Paper

Difference between intelligent and wisdom

...Task: Difference between intelligent and wisdom The role of knowledge in life is vast and entails, among other things, the search for answers to life difficulties and challenges. The necessity to understand the world also presents a great platform to utilize knowledge. The need to find the truth behind the functioning of different world phenomena and nature makes knowledge equally necessary for humankind. Knowledge, from the philosophical standpoint, may include that which emanates from an individual’s intellect or possession of wisdom. The debate on the distinctions that exist between intellect and wisdom attracts the consideration of several philosophical concepts....
3 Pages(750 words)Essay

Difference between Capital and Revenue

...Capital and Revenue In financial accounting there are a number of distinguishing terms that aid an organization and its accountants keep better and efficient records. Two of these notable accounting terms are capital and revenue. While the terms share similar traits they differ in crucial ways. Both terms refer to funds the organization has on hand. Revenue is the funds that are implemented on a daily or frequent basis. One considers that revenue can constitute a number of wide ranging purposes, all of which are contingent on the specific organization (‘What is a capital expenditure versus a revenue expenditure’ 2010). For instance, revenue can be funds that go towards staffing, utilities, daily supply, or purchases of services... and Revenue ...
1 Pages(250 words)Essay

Difference between Leaders and Managers

...voluntary action; this is the difference between leaders and managers. Leaders in the article are acting like managers, whose role is to control the employees. They fail in their roles as they are supposed to listen to their needs and look for a way forward to create an admirable working environment. Success of leaders has a different interpretation, as it is governed by many variables; this include the leadership styles, aspects of the situation, and quality of followers (Bertocci 22). This means that they have to create a basis to enhance their relationship with employees. In the recent business world, there is a need for an integrated education system, which will produce...
1 Pages(250 words)Assignment

Effectiveness And Efficiency Of Government Website

...Effectiveness and Efficiency of Government Website Introduction The Ready government website is a government website that reaches out to the people through communication and other life saving projects. A look at the website gives out recent and daily news all over the continent. The website also educates the public on protective measures during disasters. The website also has a section where public participants can volunteer and help out. Additionally, there is a kids section where kids get all the fun and information about their society. This article examines the efficiency and effectiveness of the Ready Government Web site in meeting goals of communicating with and...
1 Pages(250 words)Essay

Difference between cultures

...Cultural Differences between Two Countries (United Arab Emirates and South Korea) Topic Outline Introduction of Two Cultures Emirati Culture South Korean Culture Languages of both Cultures Religion of both Cultures Dress Codes in Both Cultures Analysis of Cultures with respect of Different Dimensions Power Distance Individualism vs. collectivism Masculine vs. feminine Uncertainty Avoidance Traditions and Rituals of South Korean and Emirati culture Burial and Funeral Ceremony Marriage Ceremony Festivals and Events in Different Cultures Some Interesting facts of Difference of Daily Life Reference List The whole world is divided into different geographical boundaries. These geographical areas and territories possess their own ethical... ...
5 Pages(1250 words)Term Paper

Difference between 2 companies

..., the company primarily relies on the use of franchising operations in conducting its operations in its other locations. The term franchising has been used to describe many different forms of business operations, however a franchise is basically an agreement between two parties that comprise of the franchisee and the entrepreneur (franchisor). A franchise agreement grants the franchise the authorization and right to operate a specific McDonald’s restaurant at given location. McDonald’s franchise agreements usually have a time span of 20 years (Gilbert, 2009). The franchise is given a number of rights that include the right to use the McDonald’s trademark and method of operation. On the other hand,...
12 Pages(3000 words)Assignment

Gazproms Financial Performance: Business Efficiency and Effectiveness

...Gazprom’s Financial Performance: Business Efficiency and Effectiveness Introduction This paper presents the following: first, a discussion of the differences between business efficiency and effectiveness. Second, three reasons why firms strive to achieve the highest level of efficiency and efficacy. Third, the analysis of Gazprom’s financial performance using ratios. Fourth, discussion of the limitations of using financial ratios to measure the performance of companies. Fifth, three non-financial elements of the balanced scorecard used in evaluating Gazprom’s performance. Last, comments concerning the overall performance...
7 Pages(1750 words)Coursework

Difference between nature and goodness

...2. What is the relationship between nature and goodness in two of following: Montaigne, The Winter’s Tale, and The Tempest? There is quite some difference between nature and goodness. This is evident from the Ariel and Caliban, who are the main characters in the Tempest and The winter’s Tale respectively. This essay will show difference between nature and goodness by comparing Ariel Caliban’s character. Distinctions will be made together with a counterargument. In his exposition "Cannibals," Montaignes constantly states that what’s natural is identical with what’s great, as well as Nature itself should become the luminosity through which human activity...
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic The Difference Between Efficiency And Effectiveness for FREE!

Contact Us