Are You Effective or Efficient?
Effective and efficient are buzz words you hear a lot in business. I’ve asked a friend who owns a manufacturing company if he understands the difference and business implication between the two.
My question stopped him in his tracks.
It’s been drilled into us to be effective and efficient in whatever it is that we do.
Effective and efficient, effective and efficient….I can’t tell you how many times I’ve seen these words thrown into proposals and speeches. Effective and efficient, effective and efficient…blah, blah.
So I told my friend, “Here is the definition:”
Being Effective – Doing the right things.
Being Efficient – Doing things right.
Which one are you?
Are you using your precious resources on high-value, high-priority goals (effective)? Are you utilizing the minimum amount of your precious resources to get to your goal (efficient)?
If not, adjust your management program accordingly.
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For more information on doing the right things or doing things right, see the following pages:
Go to Operational Planning Page
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