A team is said to be efficient if it produces a product by optimizing resources, minimizing waste, using innovation, etc. However, if the product does not meet customer needs, it will not be considered effective as it is not achieving its intended goal.
Effectiveness refers to the degree to which one achieves objectives. It is about the outcome or impact of an action, process or system. It is also associated with quality, as it focuses on delivering high-quality results.
Efficiency refers to the optimal use of resources, such as time, money or energy. It is about reducing waste, minimizing costs and streamlining processes. It is associated with productivity… on maximizing output while minimizing input.
The key differences are on focus, outcome and priorities. Effectiveness focuses on achieving goals, while efficiency focuses on optimizing resources. Effectiveness is about impact, while efficiency is about the process. Effectiveness prioritizes quality while efficiency prioritizes productivity and resource optimization.
Effectiveness and efficiency are related but distinct concepts. By understanding the difference between them, individuals and teams can strive for both, achieving their desired goals while optimizing resources and processes.
Not only efficient, be effective too,
With goal clear and process anew!
~ Pravin K Sabnis
#mondaymuse22ndYear #pravinsabnis #since2004 #motivation #blogging #MondayMuse
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