Question: What is the major difference between effectiveness and efficiency in business management? Effectiveness is focused on customer service, while efficiency is focused on stockholder satisfaction.

What is the major difference between effectiveness and efficiency in business management?
Effectiveness is focused on customer service, while efficiency is focused on stockholder satisfaction.
Effectiveness is focused on the means used to achieve goals, while efficiency is focused on making sure goals are met.
Effectiveness is focused on achieving business goals, while efficiency is focused on the means through which goals are achieved.
Effectiveness is focused on corporate culture, while efficiency is focused on earning profits.
What is the major difference between effectiveness and efficiency in business

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

BBUS 4701: Business Policy and Strategy Yahoo 2012 Annual Report Assignment 4 By Yahoo! Yahoo!. (2012). Yahoo 2012 Annual Report. Retrieved from: http://investor.yahoo.net/annuals.cfm 2 01 2 A N N UA...

Q:

J. of the Acad. Mark. Sci. (2013) 41:389-399 DOI 10.1007/s11747-013-0331-z CONCEPTUAL/THEORETICAL PAPER Elevating marketing: marketing is dead! Long live marketing! Frederick E. Webster Jr. & Robert...

Q:

I'm looking to see if someone can help me with this homework. I have attached the documents that are needed. I'm not good with financial reports. Thanks the home depot annual report 2012 AnnuAl...

Q:

i need 5 balance sheets for Auto Zone company from the resources "attachments and the link below" for the last 5 years, 2011-2012-2013-2014-2015 with the sixth page including the total income and...

Q:

4 easy accounting questions and a comfortable due date. Sorry I can't offer any more tutor credit. Thanks in advance! :-) Question 1: A few years ago, a publishing company in the fourth quarter had a...

Q:

N A S TIO I C VE A N T I IZ O E T N R C A TI O PE G CA E S R NI H R T E O U P OR M 2 F OM E R T P C A L C H A L LEARNING OBJECTIVES After studying this chapter, you will be able to answer several...

Q:

PAPERS What Project Strategy Really Is: The Fundamental Building Block in Strategic Project ManagementPeerasit Patanakul, Stevens Institute of Technology, Hoboken, NJ, USA Aaron J. Shenhar, Rutgers...

Q:

Hello, I am struggling with this assignment, I am unable to determine the below questions based off the attached 10K. I have also attached a spreadsheet from another answer to a part of this question...

Q:

The description of the project is in the attachedword document. Please be as detail as possible and include reference as well! \f10-K 10-K 1 hd-1312016x10xk.htm 10-K Table of Contents UNITED STATES...

Q:

The description of the project is in the attachedword document. Please be as detail as possible and include reference as well! \f10-K 10-K 1 hd-1312016x10xk.htm 10-K Table of Contents UNITED STATES...

Q:

A company that makes cola drinks states that the mean caffeine content per 12-ounce bottle of cola is 40 milligrams. You want to test this claim. During your tests, you find that a random sample of...

Q:

On April 1, 2028, A Company issued a P 9,000,000 non-interest-bearing note due March 31, 2031, for a piece of land with a cash price of P 6,949,800. Effective interest rate is 9%. Determine the...

Q:

Please provide the answer to this general accounting question with proper steps. A business has annual revenue of $90 billion, cost of goods sold (COGS) of $45 billion, and an average inventory of...

Q:

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....