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Objectives

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Effectively and Efficiently managing resources 

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Effectively and Efficiently managing resources 

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Efficiency

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Management is the process of planning, organizing, leading and controlling the limited production resources effectively and efficiently in order to achieve a common objective in an ever changing environment.

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High efficiency and effectiveness - Thrive and develop

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High efficiency and effectiveness - Thrive and develop

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Low efficiency and high effectiveness - survive 

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Low efficiency and high effectiveness - survive 

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Company would survive in the Market

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High efficiency and Low effectiveness

Eg. Samsung company wants to produce a new phone which is the best water proof phone ever by 2024 Feb. They have the best scientists and latest tech methods so they're working hard daily. So they are doing the thing right so they are kinda efficient but their overall objective is not effective because getting a waterproof phone so soon is not effective.

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Blue - Decreasing the company sales & wealth

Purple - Increasing the company sales & wealth

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Effectiveness and Efficiency- High

Gaining competitive advantage over other phone producing companies.

For instance, Apple company being the market leader with significant amounts of apple users.

High innovative and zero defective phones.

Effectiveness low and Efficiency high

Missed opportunity in the market since the Apple company targets a specific customer set and charging a premium.

Apple phones are not user friendly when compared to other phones. Plus, Apple phones don’t allow specific apps

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Low quality phones and organisation will not survive in the market for long term

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High demand in market

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High efficiency and low effectiveness refer to a situation where a process or system is very good at producing a desired outcome, but the outcome itself is not valuable or does not meet the intended goal. In other words, efficiency is about doing things right, while effectiveness is about doing the right things.

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High Efficiency and effectiveness-Beautiful shape and good Conditions in Apple Mobile Phones.

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High Efficiency and effectiveness-Beautiful shape and good Conditions in Apple Mobile Phones.

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High efficiency and low efeffectiveness 

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High efficiency and low efeffectiveness 

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Oneplse one mobile phone are example for this subject

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Average quality product

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The company will become successful in market.