Words from the Master - Deepstash
Words from the Master

Words from the Master

“Efficiency is doing the thing right. Effectiveness is doing the right thing.”—Peter Drucker

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rishabhnotes

BBA Student and Thinker. @rishabhnotes on Instagram - 📚Business and 👍Helpful things. •📝 Real & Practical Ideas •🧩 Key business concepts Support @rishabhnotes :- Paytm- 9599635881 With @rishabhnotes, it's my honest try to share something valuable.

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Scott Hanselman

"Effectiveness is doing the right things, but efficiency is doing things right. That means effectiveness is picking a direction and efficiency is running really fast in that direction."

SCOTT HANSELMAN

Effectiveness Vs Efficiency

Effectiveness Vs Efficiency

  • Effectiveness is goal orientation. It's picking something to do. This is doing the right things—picking a goal and doing that goal.
  • Efficiency is doing things in an economical way, process-oriented.

The lesson learned from Peter Drucker

The one known as the 'father of modern management', Peter Drucker, came to the conclusion that the more one charges for providing others with his advice, the more the advice is valuable. So, if he could do it, maybe it is indeed worth giving this idea a chance.

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