What is more important amongst efficiency and effectiveness for an organization. Introduction: We know that managers direct other employees to accomplish their goals as it is their responsibility to get things done in an effective and efficient manner. Efficiency can be defined as a ratio of output to input. Getting maximum output with minimal input is the desire of every manager, while effectiveness is attaining the desired organizational goals, higher effectiveness leads to higher attainment. Both are equally important for an organization in today's environment.

Question

Want to see the full answer?

Answer 1

Question

Chapter 1, Problem 3DQ

Summary Introduction

To determine:

What is more important amongst efficiency and effectiveness for an organization.

Introduction:

We know that managers direct other employees to accomplish their goals as it is their responsibility to get things done in an effective and efficient manner. Efficiency can be defined as a ratio of output to input.

Getting maximum output with minimal input is the desire of every manager, while effectiveness is attaining the desired organizational goals, higher effectiveness leads to higher attainment. Both are equally important for an organization in today's environment.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

In a small island developing country, the service sector has been dominated by four companies: LightingPros Ltd., Island Solutions Inc., Real Services Co., and Entertainment Enterprises. Each company offers similar services, including event planning, catering, transportation, equipment rental, and audio-visual production. At present clients engage different companies for specific services, creating a balanced distribution of business across the market. However, recent shifts in client preferences have disrupted this equilibrium. Clients now prefer the convenience and efficiency of working with a single provider that can offer a comprehensive package of services. This has led to a significant decline in business for some companies that are unable to offer the full suite of services on their own. Some of the challenges faced by the companies include limited-service offerings, client convenience where clients prefer working with a single vendor to simplify communication, reduce costs, and…

St. Lucia, a small island developing country, the service sector has been dominated by four companies: LightingPros Ltd., Island Solutions Inc., Real Services Co., and Entertainment Enterprises. Each company offers similar services, including event planning, catering, transportation, equipment rental, and audio-visual production. At present clients engage different companies for specific services, creating a balanced distribution of business across the market. However, recent shifts in client preferences have disrupted this equilibrium. Clients now prefer the convenience and efficiency of working with a single provider that can offer a comprehensive package of services. This has led to a significant decline in business for some companies that are unable to offer the full suite of services on their own. Some of the challenges faced by the companies include limited-service offerings, client convenience where clients prefer working with a single vendor to simplify communication, reduce…

Transactional leadership Discuss how this leadership style will fit with the healthcare industry and can benefit the staff. Explain your answer.