Business, 01.10.2019 04:10 iamabouttofail

What is organizational performance, and what is its relationship with efficiency and effectiveness?

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Answer from: stellaglenn205

ORGANISATIONAL PERFORMANCE AND ITS RELATIONSHIP WITH EFFICIENCY AND EFFECTIVENESS:

Organization performance means how successfully an organized group of people is performing a function with a particular purpose. It is analyzed by three specific outcome of a company which includes, financial performance, product market performance and shareholder return. So basically, this is an analysis of company’s performances compared to its goals and objectives.

Efficiency means performing or functioning in the best possible way with least waste of time and effort. It mainly focus on both the inputs and outputs, short run time, strategic implementation etc.

Effectiveness means accomplishing the purpose by producing the intended result by any means. It mainly focus on the accurate intended end result, long run time, strategic formulation etc.

Efficiency and Effectiveness both plays important role on organizational performance as Efficiency clearly focus on reducing expenses and elimination unnecessary wastage to achieve the output and Effectiveness focus on making strategies and choosing best means for the required result which helps in performance growth of organization.

Answer from: Quest

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation:

Answer from: Quest

Answerstructural and frictional unemployment;

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