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View stunning SlideShares in full-screen with the new Android app!View stunning SlideShares in full-screen with the new iOS app!
A measure of how well or how productively resources are used to achieve a goal
A measure of the appropriateness of the goals an organization is pursuing and the degree to which they are achieved.
Organizations are efficient when managers minimize the amount of input resources such as labor, raw materials and component parts, or the amount of time needed to produce a given output of goods and services.
Organizations are effective when managers choose appropriate goals and then achieve them.