BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Organized, functional
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Efficient, effective
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Capable, competitive
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Profitable, expensive
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Detailed explanation-1: -Organizational efficiency is when a company uses the fewest resources, time and money to reach its goal. However, organizational effectiveness focuses on achieving a goal through doing the right things and isn’t time-oriented. Companies measure these two differently.
Detailed explanation-2: -Process efficiency signifies an optimal (in most of the cases, the fastest or the cheapest) way of operating processes. Conversely, process effectiveness implies executing the right processes and achieving the desired goals.
Detailed explanation-3: -the process must do what it is supposed to; it must be simple and make life better for all concerned. It must demonstrably deliver value to the customers. It must satisfy and delight them. In satisfying them, it must meet their needs and fulfill the contract or agreement that has been made with them.