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Efficiency- is a gauge of how effectively resources are put to use toward a specific objective.
EXAMPLES: McDonald's developed more efficient fat fryers to reduce oil and speed up the cooking of french drys. UPS leaves their doors open to decrease time on delivery routes.
Effectiveness- Measure of the appropriateness of the goals an organization is pursuing and the degree to which the organization achieves those goals.
EXAMPLES: To draw in more consumers, McDonald's offers breakfast service. Steve Job's improved his goal of creating continuous flow of innovative PC and digital entertainment products.
What is efficiency?
Efficiency is the ability to achieve something or get a desired outcome without wasting resources, time, money, energy, or effort. Efficiency is, in Deborah Stone's words, "so not a goal in and of itself. We want it because it will help us get more of the things we value rather than because we want it for its own sake."
It denotes the degree of performance that requires the fewest inputs to provide the greatest amount of output in more mathematical or scientific words. It frequently includes the ability for a particular application of effort to generate a particular result with a minimal amount.
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