A common Management Fallacy is in believing that “an efficient business is an effective business”.
An Efficient Business is not always an Effective Business.
This video discusses:
- Efficiency Benefits, limitations and when Efficiency alone can be detrimental for your business
- Effectiveness and the subtle difference between an Effective Business vs an Efficient business
- Efficiency Strategy drawbacks
- and Differentiates an Effective Business from just an Efficient business