Effectiveness vs. Efficiency
Difference between Effectiveness and Efficiency:- Efficiency and efficiency are two commonly used terms , however, although in saying these words the sounds are similar and both begin with the same letters; the truth is that these terms have different meanings.
Difference between Effectiveness and Efficiency
Efficiency refers to doing things right, is getting the best or maximum performance using a minimum of resources. Efficacy, on the other hand, is to do things the right way and in this way achieve the desired result.
Efficiency focuses on the process that is followed to achieve something, taking into account the “means”; while effectiveness focuses on achievement or ultimate achievement, that is, on “ends.”
In the case of efficiency, we believe in the achievement of the final objectives, so that we take into account all the variables that may change in the future. On the other hand, in the efficiency one thinks how the future can be depending on the addition or elimination of certain resources.
To be efficient requires rigorous discipline. This can lead people to become very methodical, calculating or somewhat inflexible. While strategies that work in the long run are created to be effective, and for this reason effective people tend to be more adaptable to their environment and circumstances.
Since efficiency is about doing things right, it requires documentation and repetition of certain steps. But doing the same thing over and over again can discourage or go against innovation. Contrary to efficiency, in which innovation is encouraged, since it requires that the person is critical and thinks for itself; in order to achieve its highest goal.
Those who are efficient try to avoid making mistakes, while someone who is effective always tries to achieve success, without focusing on possible failures.
At the corporate level, effectiveness was initially an indicator of performance. However, later; when consumers were increasing or began to face a wide variety of options, effectiveness alone was called into question.
It has been concluded that to be a successful company, there needs to be a balance between effectiveness and efficiency; because being efficient, but not meeting the requirements of stakeholders is useless and with efficiency alone can achieve success but at what cost?
Key differences between Effectiveness and Efficiency
- Efficiency focuses on the media, while efficiency focuses on ends.
- Efficiency is doing things right, but effectiveness is doing the right things.
- Efficiency visualizes things in the long run, while efficiency is limited to the current situation.