Business

Efficiency

Efficiency involves getting the most output from the least amount of inputs, i.e. doing things right.

It is a measure of how well resources are used to achieve a goal; usually managers must try to minimize the input of resources to attain same goal.

Effectiveness

What is management?

Management is the process of coordinating work activities so that they are completed efficiently and effectively with and through other people.

 The task of management is to get work done through other people in order to achieve the goals and objectives of an organisation.