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Showing results for tags 'efficiency'.
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Q. 199 What are some examples of most common efficiency metrics that are used in the business world? Which one's may be considered better than the others? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening as per Indian Standard Time. The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term.
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Efficient, Effective
Vishwadeep Khatri posted a question in We ask and you answer! The best answer wins!
Q 61. Efficient or Effective - (Flash Short Answer Question - Max 100 words answer, winner gets 1000 points - closes 9:00 PM IST on 3rd January 2018) - Provide One Example of a process that is efficient but not effective and one of a process that can be considered effective but not efficient. Daily use or easy to relate examples are likely to win. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time. The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term.