Discuss what three criteria are essential for balancingefficiency with effectiveness.
Expert Answer
Inorder to balance efficiency with effectiveness the firm needsto have adequate amount of resources so that the work can be donefaster and in a perfect manner . When the resources are abundantlyavailable and the planning is perfect, the work can be doneperfectly on time and of good quality. Another criteria that isrequired is time. Management of time plays a major role in doingthings in the right manner and availability of time helps inselecting right things to do . Hence efficiency and effectivenessare balanced. Understanding the problems and flaws of
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