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What Is Cost Efficiency & Effectiveness?

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تم إضافة السؤال من قبل Md. Azher Imam Shaikh , Director , Imam's Coaching Institute
تاريخ النشر: 2013/11/21
Gopinathmuralidharan Pillai
من قبل Gopinathmuralidharan Pillai , Senior President - Engineering , SHIV SHAKTHI ENGINEERING CORPORATION - Structural Fabrication and Railway Track Manufacturing

A).Efficiency refers to Quantity or Speed or Time or Sale Target.

Organizational efficiency is the organization's degree of success in using the least possible inputs in order to produce the maximum possible outputs.

B). Effectiveness refers to Quality, But achieve Quality with Cost Effectiveness, why cost is a factor? Because one cannot go out of process for achieving quality & also cannot increase cost planned for achieving quality.

 

 

Organizational effectiveness is the ability of an organization to achieve its goals and objectives. In contrast to organizational efficiency, organizational effectiveness is gauged using both quantitative factors such as income and non-quantitative factors such as the organization's social consciousness because it is too abstract and broad to be gauged otherwise.

 

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