I like this one. well structured with the differences, but also showing the importance of both effectiveness and efficiency in combination. however, the examples in the end are a bit confusing to me.. isn't company a effective by producing a lot of product, but not shipping them all out while company b is more efficient because only 2 toys get thrown away? or am I missing something?
@@JessicaBagger thanks oh yeah I understand. a = more efficient with their processing = more output, but they struggle to meet their goal of shipping everything out (only 60%) thats why they are not effective. b doesn't produce as much but is far more effective bc they ship out almost 100% of their output.. so if im correct, our goal is of course to be both efficient and effective, so that we produce a lot of output with our resources, but also manage to meet our goals of shipping everything out in the end 👍 thanks
sorry but i still got a question i understand that B) meets the goal of shipping out the product more than A) but i still don’t understand how A is more efficient? because in the end they waste 75 toys for nothing and i thought efficiency was all about using your resources. and what if the goal would be to ship out as many toys as possible, then A would be more effective right? because u ship out more B how ever would be more efficient since we only waste 2 toys out of 90…
Hey no worries. Shipping the toys meets the goal (effective). Producing more with less is efficient (regardless of what happens after production) - they are efficient but they don’t meet the goal, they are not effective
So eloquently explained, thank you so much!
I like this one. well structured with the differences, but also showing the importance of both effectiveness and efficiency in combination. however, the examples in the end are a bit confusing to me.. isn't company a effective by producing a lot of product, but not shipping them all out while company b is more efficient because only 2 toys get thrown away? or am I missing something?
When you meet your goal you are effective. So not shipping product isn't being effective. Hope that helps.
@@JessicaBagger thanks oh yeah I understand. a = more efficient with their processing = more output, but they struggle to meet their goal of shipping everything out (only 60%) thats why they are not effective. b doesn't produce as much but is far more effective bc they ship out almost 100% of their output.. so if im correct, our goal is of course to be both efficient and effective, so that we produce a lot of output with our resources, but also manage to meet our goals of shipping everything out in the end 👍 thanks
sorry but i still got a question
i understand that B) meets the goal of shipping out the product more than A)
but i still don’t understand how A is more efficient? because in the end they waste 75 toys for nothing and i thought efficiency was all about using your resources.
and what if the goal would be to ship out as many toys as possible, then A would be more effective right?
because u ship out more
B how ever would be more efficient since we only waste 2 toys out of 90…
Hey no worries. Shipping the toys meets the goal (effective). Producing more with less is efficient (regardless of what happens after production) - they are efficient but they don’t meet the goal, they are not effective