BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Doing right things
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Doing things rightly
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Both
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None of these
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Detailed explanation-1: -doing the right things. “Efficiency is doing things right; effectiveness is doing the right things, ” Peter Drucker, often touted as the “Father of Modern Management, ” famously said.
Detailed explanation-2: -Effectiveness is the capability of producing a desired result or the ability to produce desired output. When something is deemed effective, it means it has an intended or expected outcome, or produces a deep, vivid impression.
Detailed explanation-3: -Effectiveness is doing right things". Efficiency refers to doing things in a right manner. Scientifically, it is defined as the output to input ratio and focuses on getting the maximum output with minimum resources. Effectiveness, on the other hand, refers to doing the right things.
Detailed explanation-4: -According to the dictionary, effectiveness is the ability to produce or develop something established. For example, reaching a goal or being successful in achieving an objective. Therefore, the focus is on the achievement and not on the path, tools, resources, or costs to reach the target.
Detailed explanation-5: -Efficiency and effectiveness are not the same thing. Efficiency is defined as the ability to accomplish something with the least amount of wasted time, money, and effort or competency in performance. Effectiveness is defined as the degree to which something is successful in producing a desired result; success.