Final answer:
Efficiency and effectiveness are both important to organizations, but they focus on different aspects. In today's environment, organizations need to strike a balance between efficiency and effectiveness.
Step-by-step explanation:
Efficiency and effectiveness are both important to organizations, but they focus on different aspects. Efficiency refers to how well resources are used to produce desired outputs, while effectiveness refers to achieving desired results or goals.
In today's environment, organizations need to strike a balance between efficiency and effectiveness. While efficiency helps organizations reduce waste, improve productivity, and save costs, effectiveness ensures that the organization is achieving its objectives and meeting the needs of its stakeholders.