Answer to Question #283486 in Management for ALLAN

Question

In today’s economic environment, which is more important to organizations—efficiency, effectiveness, or adaptability? Explain your choice.

Answer 1

According to me, becoming more efficient is more important for a business organisation because effectiveness means to do the right things but efficiency means to the jobs in a right manner. Thus, efficiency is more important concept for any business organisation and every business should understand this and should make full use of it to achieve the goals and objectives of the organization. Efficiency helps in doing the various activities in a more better manner which can be helpful in saving time and energy. Thus, wastage is prevented in efficiency and it helps is making business do their business activities in a wise manner. Thus, efficiency always have a more impact on the business organisation and therefore a business should never forget to bring efficiency in his organisation. Adaptability will be brought automatically by efficiency.