Actions

Difference between revisions of "Organizational Efficiency"

Line 1: Line 1:
 
'''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>
 
'''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>
 +
 +
Organizational efficiency is a measure of the relationship between organizational inputs (resources) and outputs (goods and services provided) and in simple terms the more output we can achieve with a given amount of inputs or resources, the more efficient we are. For example, if we can make 100 cars with X value of resources we are more efficient than someone else who only makes 80 identical cars with the same value of resources. Efficiency relates to the term [[Productivity|productivity]] and a major focus of all [[Manager|managers]] is to maintain or improve the level of productivity of their work unit and organization.<ref>Explaining Organizational Efficiency in simple terms [https://sielearning.tafensw.edu.au/MBA/9791L/9791/organisational_efficiency_and_ef.htm Tafe NSW]</ref>

Revision as of 13:09, 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]

Organizational efficiency is a measure of the relationship between organizational inputs (resources) and outputs (goods and services provided) and in simple terms the more output we can achieve with a given amount of inputs or resources, the more efficient we are. For example, if we can make 100 cars with X value of resources we are more efficient than someone else who only makes 80 identical cars with the same value of resources. Efficiency relates to the term productivity and a major focus of all managers is to maintain or improve the level of productivity of their work unit and organization.[2]

  1. What Does Organizational Efficiency Mean? Chron
  2. Explaining Organizational Efficiency in simple terms Tafe NSW