Hi this is Tutor Nick P and this is Lesson 508. The title of today's lesson is the
difference between effective and efficient or you know, you could look at the noun to
you know effectiveness and efficiency. Okay. If somebody wants a screenshot, do right now.
All right. Let's get right into it. If something is effective it works well and produces the result
that was hoped for. So that's the key part with effective, you want it to produce something
or you you're looking for the results that you really want. The one that's hoped for.
All right. Let's continue. If something is efficient, it is able to accomplish the task with
the least amount of waste. So , so this is the thing about efficiency is you want to save time,
money, and effort. So the least amount of waste, especially in regard to time, money and effort and
the quality of the work produced needs to be an acceptable level too. If that suffers too much,
that's not good either. So again efficiency focuses on wasting as little bit of time,
money and effort as is possible. Effective focuses more on the desired result. Okay. Let's continue.
Sometimes there could be some crossover because many companies may judge effectiveness of a plan
on a lot of factors that go into efficiency.
Often it depends on one's priorities. What's most important to you and if one is willing
to sacrifice some of the factors of efficiency for a more desirable result. There are a number
of examples to show this. I got three examples. The first one is more like with the consumer. The
person who buys something. So for example if one owns a BMW or a large SUV they may be effective
for a desired result. Yeah. So a person owns a BMW probably cares more about the status and
the comfort. Somebody that owns an SUV probably also comfort for space but they maybe they need
a big car or they want a big car. So that's that's more their desired result. However, they may not
be so efficient. Such types of vehicles are not fuel efficient. So they tend to waste more gas.
They are large cars, so parking is sometimes an issue too which can cost
time. Sometimes but you waste a lot of time looking for a place where you can fit your car.
They usually cost more for maintenance. That's true. So again you're wasting more money. In
this case, you may be willing to sacrifice time and money for the comfort and the space
or if it's a BMW maybe for the status. So it all depends upon what you're willing to sacrifice.
Now the ultimate goal like especially for a company is if all three could come together.
You could have the most effective and most efficient at the same time. That's best.
But that situation does not work out every single time. All right. Let's look at the second one.
The second one is more like for military. Maybe they have a military mission. They want to do.
The military decided this plan was better, even though it will take a lot longer and cost more
money and requires more effort , but it will help reduce the loss of life. You know so not many
not as many people will die and backlash from the public. They might be worried about that.
In this case the plan is more effective, but may be far less efficient . Well, it all
depends upon what it was. Maybe if they wanted to take over a government or they
wanted some government to fall. Maybe they may have another plan to take that government out or
change that government rather than go there and do military action. Military action might be faster.
I am....but it may cause more problems. So it depends upon the desired result and what
are you willing to sacrifice or not sacrifice. Okay. And the third one here is well we look
at a car company. Again but this sense, the car company producing. So if a car company has a car
that's selling well and a lot of times you know, when you have a product that's selling. Well,
you want to sell more. They may want to increase production. They have to weigh out the efficiency
if the profit is more. So with a company the real goal, the real desire goal is more profit.
Okay. And you know, maybe if you just produce a little more it might be okay,
but sometimes you produce a lot more, there's a lot of factors they have to think of. Because
they may make more cars and they may make more sales but efficiency may go down at the same time
which may cost them more. So they have to weigh it out. They have to figure out what is better.
What do they believe will be best for them. Producing more would mean paying workers
a lot of overtime. So now you have to pay the workers a higher salary because the the
they're working overtime, so they'll probably get like time and a half at least or or possibly even
more. So that's definitely going to cost you more money. You have to factor that in
or over time overworked employees may make more mistakes too. You know, if they're getting tired.
If they're working harder like every day they're working overtime. They may make more mistakes and
then it takes more time and more energy to check over and fix those mistakes too . So it's another
thing that they have to factor in. Okay. It could also lead to more maintenance issues,
you know on the line. It could lead to costing possibly more injuries. Tired workers
are more likely to get injured . Some more time. So basically efficiency
will go down , but you have to figure out. They'll have to weigh out if the extra sales
would produce more profit than the amount of efficiency going down. So this is how they have
to weigh it out , but with these examples maybe you can see more clearly the difference between
efficient and effective. Now if you can work out both to be both at the highest level. That's
the perfect situation, but that can't always happen. Sometimes you might have to sacrifice
efficiency for the desired result. If this is the result that you really want. Anyway, I hope
this kind of clarified it more for you. So you can see the difference between efficient and effective
more. So you, hopefully you can figure it out. Okay. Anyway, thank you for your time. Bye-bye.