Difference between revisions of "Efficiency"

Revision as of 23:34, 22 November 2018

Efficiency is the degree to which an enterprise gets the most outputs from the least amount of inputs.

Performance. The end result of an activity.
Effectiveness. The degree to which an enterprise does those activities that result in achieving its goals. In other words, effectiveness is the measure of how an enterprise meets the needs of its clientele or customers.
Efficiency is doing things right; effectiveness is doing the right things. -- Peter Drucker, management consultant

Revision as of 23:34, 22 November 2018 (view source) Gary (talk \| contribs) (Created page with "#*400px\|thumb\|right\|[[Efficiency vs effectiveness]]Efficiency is the degree to which an enterprise gets the most outputs...")		Revision as of 23:34, 22 November 2018 (view source) Gary (talk \| contribs) Newer edit →
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−	#*[[File:Efficiency-effectiveness.png\|400px\|thumb\|right\|[[Efficiency]] vs [[effectiveness]]]][[Efficiency]] is the degree to which an [[enterprise]] gets the most [[output]]s from the least amount of [[input]]s.	+	[[File:Efficiency-effectiveness.png\|400px\|thumb\|right\|[[Efficiency]] vs [[effectiveness]]]][[Efficiency]] is the degree to which an [[enterprise]] gets the most [[output]]s from the least amount of [[input]]s.

	==Related concepts==		==Related concepts==