Excellence = Efficiency ( Efy) X Effectiveness(Ets)
1. Modern Organisations are instruments for EXCELLENCE.
2. Humans working as individuals CANNOT achieve the EXCELLENCE. It is the organizations alone that can help in producing EXCELLENCE. Of course, if organizations are not managed properly they produce results much worse than what individuals can accomplish.
However, the challenge MBAs assume is that they will ensure to see that organizations are managed properly leading to EXCELLENCE.
However, the challenge MBAs assume is that they will ensure to see that organizations are managed properly leading to EXCELLENCE.
- What is meant by Excellence ?
- What is the difference between Efficiency and Effectiveness ?
- How the subject of management has relevance with this formula Excellence = Efficiency X Effectiveness ?
- How efficiency and effectiveness is ensured in organisational working ?
Try to relate and interpret these concepts through various activities that you participated in POM IM 19 class i.e.,
- 'Tower Building' game that you played in the class.
- Three monks film that you have seen
- Three men crossing the valley
- Khan academy. org
- 'Tower Building' game that you played in the class.
- Three monks film that you have seen
- Three men crossing the valley
- Khan academy. org
Efficiency and Effectiveness are two distinct things. It must be noted that they dont happen in organizational life separately. Most of them they happen simultaneously. Only for the purpose of understanding they are separated. But in reality, they are inseparable.In fact they both happen one over the other.. Let me explain this with an example..
For example:
Where to go to, how to go, why to go to is effectiveness.. Once it is decided, then going started there starts how efficiently one can go. How less one need to spend? How fast one can go ? How safely one can go ? It is surprising that to become efficient .. one need to think effectively. To become effective one need to act efficiently. Where efficiency ends where effectiveness starts ..is a matter of understanding. In reality, there is no end of one, beginning of the other. Both efficiency and effectiveness will be in force simultaneously. But one need to be aware of what both are.. how they are different and effects the over all performance.. leading to EXCELLENCE.
The route for achieving EXCELLENCE is through EFFICIENCY and EFFECTIVENESS...
For example:
Where to go to, how to go, why to go to is effectiveness.. Once it is decided, then going started there starts how efficiently one can go. How less one need to spend? How fast one can go ? How safely one can go ? It is surprising that to become efficient .. one need to think effectively. To become effective one need to act efficiently. Where efficiency ends where effectiveness starts ..is a matter of understanding. In reality, there is no end of one, beginning of the other. Both efficiency and effectiveness will be in force simultaneously. But one need to be aware of what both are.. how they are different and effects the over all performance.. leading to EXCELLENCE.
The route for achieving EXCELLENCE is through EFFICIENCY and EFFECTIVENESS...
