There is a big difference
between these two similar words.
Efficiency and effectiveness are both important.
However, given the choice, go for effectiveness since it always trumps
efficiency. We can then move towards
greatness leaving a much bigger legacy.
Here are 7 ways to
contrast efficiency and effectiveness:
1) Being efficient is doing the things in the right manner while being effective is doing the right things in a masterful way.
2) Efficiency indicators measure how well our resources were
used to produce output. Effectiveness indicators measure how well our targets
were met.
3) Efficient is performing in the best possible manner with
the least waste of time, effort, and money. Effective is being adequate to
accomplish a purpose; producing the expected result.
4) Efficiency will look at avoiding mistakes whereas
effectiveness is about achieving success despite making mistakes.
5) Efficiency focuses on the rigor of present state processes
while effectiveness focuses on the long term, being adaptable and flexible to
the changing environment to achieve the desired goals.
6) Efficiency focuses heavily on costs. Effectiveness focuses
on opportunities to increase revenue, to create markets, and to introduce
innovative products to existing or new markets.
7) Efficiency is a minimum condition for survival after
success has been achieved. Effectiveness is the foundation of for continued success
all the way to greatness and significance.
Ask yourself this important question:
"Am I being efficient with my effectiveness?"
Be blessed and be a blessing to others!
Carlos Fontana, President of Phalanx
Co-author of the book Follow to Lead (The 7 Principles to Being
a Great Follower)
Author of the book PRICELESS (Sixty-Six Simple Stories of
Reflection, Love, and Legacy)
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