They gain deeper insights about the topic under discussion by truly listening to people around them and taking all external and internal elements into account before making the decision as a whole. Lack of information does not prevent them from making a decision as they understand action is better than inaction.
They own their decision and take responsibility if the outcome does not line up with their expectations. This sets up a learning process that prevents counter-productive decisions in future. Once effectiveness is established, efficiency must take the front seat to win in the marketplace. Products that take too long to build, have higher costs or require a lot more resources to build will lag behind their competition.
Effective leaders must then evolve to support efficient management by establishing process understanding, identifying potential automation areas and enabling tools to save time. With the intent to maximise goals while minimising resources, they must craft a careful plan with their managers that determines what needs to be done without doing too much or too little.
Procrastination or being a perfectionist at this stage can be disastrous as this is the time to act. They encourage all groups to come together and put their best efforts forward to meet the committed timelines. Taking too long to ship, adding features that do not add value or pushing a half baked product can all lead to drop in the market share, dip in customer satisfaction and eventually lose the competitive edge.
In this world of fast paced technology and rapid changes, synergize effectiveness and efficiency to be a successful leader.
Weld the two together to do the right things right:. Be a conscious leader and start from a place of self awareness. Do self reflection and seek feedback. Auditing how well you are doing in each area will help you find the perfect intersection of effectiveness and efficiency that works for your environment.
I am curious to learn how you find the right balance of effectiveness and efficiency as a leader. Drop me a comment below or write to me. I am a technology enthusiast, passionate about building great teams and scaling organisations. This blog is about my journey into the world of technology and personal experiences at work. Through my writing, I wish to inspire others to learn and be better everyday. June 3, December 19, April 16, It is a very important subject matter especially for the leaders for their carriers by giving clear direction.
Absolutely Samuel. All leaders need to find the right balance of effectiveness and efficiency in their work. Thanks so much for the excellent write up.
Great Job. Many times their leadership style forces them to choose between being effective vs efficient. These terms of what is effective vs efficient are commonly misunderstood and misused. But what do effective and efficient mean? Effective means adequate to accomplish a purpose; producing the intended or expected result.
For example, one selling method can be more effective than another; that is, it produces more sales. In contrast, efficient means performing or functioning in the best possible manner with the least waste of time and effort; having and using requisite knowledge, skill, and industry; competent; capable.
For example, one method of shipping products can be more efficient over another because it takes less time. The late and renowned management consultant Peter Drucker has his own definition of effective vs efficient. He wrote that efficiency is doing things right while to be effective is doing the right thing. When growing a company, efficiency can support profit, but effectiveness drives long-term growth.
Some people finish a task as soon as possible—maybe even before thinking of a solution. To them, the most important thing is to complete it in a short period of time regardless of whether it's the most effective way to do it. Over time, they may end up working harder and longer to make up for this method's lack of effectiveness. While efficiency may get things done at a lower cost and higher profit today, companies are only sustainable if they can effectively solve their customers' problems long term.
Personally, I answer all my emails efficiently right away with a word or a fragment of a sentence in order to delete it and move on to the next task. This keeps a small inbox and I never waste time by reading the same email twice. Both are vitally important!
In a nutshell, here are the definitions:. Efficiency: Doing things right to produce consistent and rapid results Effectiveness: Doing the right things to produce the results you want. Efficiency is important for profitability. Effectiveness is important for growth. As business owners we are always looking for ways to increase profitability.
We should be documenting our processes and systems, and then we should engage our team in brainstorming ways to do things more efficiently. By increasing efficiency we save both time and money, thus making our businesses more profitable. One of my favorite quotes comes from Peter Drucker. The purpose of effective communication is to get your specific audience to the desired goal. The goal could be informing them or allowing them to understand a message, but also to persuade or convince them to take action.
What Are the Goals of Communication? Whether it is personal or corporate communication, the primary essence of communication is to inform, influence, inspire, motivate, build relationships, learn, gain inspiration, promote yourself, and socialize.
The scope of communication is wide and pervasive. The Human beings are somehow engaged in communication from cradle to grave. It includes staffing, directing, planning, organizing and controlling. Communication is necessary for the effective functioning of the organization.
Begin typing your search term above and press enter to search. Press ESC to cancel. Skip to content Home Essay What is the importance of efficiency and effectiveness in the organization? Ben Davis May 8, What is the importance of efficiency and effectiveness in the organization?
Is efficiency or effectiveness more important to organizational performance? Why is Organisational efficiency important? What is effectiveness efficiency?
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