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What is Concept of Efficiency

Chapter 7
Handbook of Research on Enterprise 2.0: Technological, Social, and Organizational Dimensions
In economics and business economics, as well as in most of the natural and technological sciences, the practitioners use the concept of efficiency solely to deal with suitability of the entire working of the organization, including the internal and external parts of the business process and environments. In organizational theory the theoreticians make a distinction between efficiency and effectiveness and they use both terms. In management science, the scientists rather strictly delimit efficiency and effectiveness.
Published in Chapter:
Efficiency Theories: The State-of-the-Art
Vojko Potocan (University of Maribor, Slovenia) and Matjaz Mulej (University of Maribor, Slovenia)
Copyright: © 2014 |Pages: 23
DOI: 10.4018/978-1-4666-4373-4.ch007
Abstract
To some authors and scientists the concepts effectiveness and efficiency are significantly different. To others, they mean the same; while to a third group the truth about them lies somewhere between these two extremes. This chapter provides an overview of efficiency theories. It finds that the term efficiency covers both doing the right thing and doing the thing right. Efficiency is not limited to internal factors of success, nor should effectiveness only be seen as a term pertaining to the outer factors of success of a human origin, organization source, or inherent in national, local, or international regions.
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