What does effectiveness mean?
Effectiveness refers to the degree to which something is successful in producing a desired result. In other words, it's the extent to which an effort ensures the achievement of a goal. A measure can sometimes be effective, but not always efficient.
Efficiency means being economical and refers to ensuring that an effort is carried out with as little time or money as possible.
Within an organization, effective and efficient processes contribute to sustainability. This is because it leads to the least loss of time, energy, money, and resources/materials.
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Also read Successful entrepreneurship can be learned.