(Image Credit: olegdudko / 123RF Stock Photo) Efficient and effective are two words that business people hear often, and many assume that they mean the same thing. While both words are adjectives and touch on similar concepts, they have entirely different meanings. A summary of the dictionary definition of effective is putting in effort that produces the expected results. The word efficient describes the ability to perform a task while wasting as little time and resources as possible. To summarize the distinction, effectiveness means doing things correctly while efficiency means doing correct things. Arguments in Favor of the Importance of…
Finding Balance to be Effective and Efficient in Business
