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Question
Akash works as a production manager in ‘Elite Enterprises’ manufacturing LED lights. Due to festive season, there is lot of demand for their lights. Akash was given the task of producing 100 units of LED lights @ ₹ 200 per unit within 5 days for an urgent order. Akash was able to achieve the target of 100 units of LED lights within 5 days @ ₹ 220 per unit.
Identify from the following whether Akash is:
Options
Efficient only
Effective only
Both efficient and effective
Neither efficient nor effective
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Solution
Effective only.
Explanation:
Effectiveness is about doing the right task, completing the assigned job on time, no matter the cost. It simply means doing tasks on schedule.
Efficiency is about doing the job cost-effectively, i.e., getting maximum output with minimum input. It means executing things right in a faster and more cost-effective manner.
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Vinay was the Chief Operating Officer of 'Easy Solutions Ltd.', a company providing advanced software solutions to Indian Defence Services. They had been carrying on business successfully for the last twelve years and earning enough profits. But from the last one year, they realised that though the business is getting big orders which are being fulfilled on time, even then the revenues kept on decreasing. Vinay was not-able to find out where the problem was. He started keeping a close check on the progress of activities as he could sense that something was wrong. He wanted to take some action before any major damage could be done to the business. Vinay appointed a cyber security expert who monitored the company's processes and found out that the computer operator was deleting the entries from the computers and pocketing the revenues. He was caught and handed over to the police. This created an atmosphere of order and discipline in the organisation and helped in minimizing dishonest behaviour on the part of the employees.
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Read the following text and answer the questions given below:
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What corrective action did Vinay take?
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Reasoning (R): For management both efficiency and effectiveness need to be balanced.
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