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Difference between revisions of "Organizational Efficiency"

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'''Organizational Efficiency''' is the [[Organization|organization's]] ability to implement its plans using the smallest possible expenditure of resources. It is an important factor in the firm's [[Organizational Effectiveness|organizational effectiveness]], this being the ease and degree of success with which the organization is able to accomplish its aims.<ref>What Does Organizational Efficiency Mean? [https://smallbusiness.chron.com/organizationalefficiency-factor-37839.html Chron]</ref>
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'''Organizational Efficiency''' is the [[Organization|organization's]] ability to implement its plans using the smallest possible expenditure of resources. It is an important factor in the firm's [[Organizational Effectiveness|organizational effectiveness]], this being the ease and degree of success with which the organization is able to accomplish its aims. Organizational efficiency is all about figuring out how you can be more effective by using fewer resources, as well as less time and less money to achieve the same goal. Organizational efficiency is time-based, effort-based and measurable. The main question you must ask when you’re trying to determine efficiency is this: “How can I maximize the desirable results, using the least amount of money and time?"<ref>What Does Organizational Efficiency Mean? [https://smallbusiness.chron.com/organizationalefficiency-factor-37839.html Chron]</ref>

Revision as of 12:53, 9 April 2021

Organizational Efficiency is the organization's ability to implement its plans using the smallest possible expenditure of resources. It is an important factor in the firm's organizational effectiveness, this being the ease and degree of success with which the organization is able to accomplish its aims. Organizational efficiency is all about figuring out how you can be more effective by using fewer resources, as well as less time and less money to achieve the same goal. Organizational efficiency is time-based, effort-based and measurable. The main question you must ask when you’re trying to determine efficiency is this: “How can I maximize the desirable results, using the least amount of money and time?"[1]

  1. What Does Organizational Efficiency Mean? Chron