What Do You Know About The Organizations And Personal Performance?

Organizational and Personal Performance:

Managers and organizations are continually evaluated to see how well they accomplish organizational goals. Ratings are everywhere: newspapers publish the ranking of teams in the National Football League; Inc. compiles a yearly survey of America's fastest-growing private companies; magazines rate inter¬national cities according to the cost of lodgings or transportation.

Managers and organizations are measured according to their performance, the degree to which they attain the organization's goals effectively and efficiently. Effectiveness is the measure of whether an organization is accomplishing its goals. In other words, is the organization doing what it should be doing to achieve its goals? On the other hand, if the organization is effective but does not consider the resources it uses to achieve its goals, then its performance suffers.

Efficiency is the measure of whether an organization is using the appropriate amount of resources in attaining its goals. Are people's efforts being wasted? Are money and materials squandered to reach the goal? Even when an organization is efficient, it can be ineffective if the focus is on efficiently doing the wrong things. To achieve high performance, the organization must be both effective and efficient.