For becoming successful business man or running a successful orgnization means we have to give importance for both efficiency and effectiveness, both are essential.

2. Means Doing the thing right, it is
the degree to which objectives are
achieved. And the extent to which targeted
problems are solved.
1. Solve problems
2. Safeguard Resources
3. Discharge duties

3. Is determined without reference to
costs and means Doing the right things…
1. Produce creative alternatives
2. Optimize Resource
3. Obtain results

4.  Not really measurable
 Non-quantitative
 Main aim is to achieve goal
 Expected outcome
 Irrespective of resources
 Example: Effective manager or Effective
Speech

5. Mesurable concept
Measured in units
 Time
 Effort
 Cost
Preserve resources
Quantitative ratio of output:input