Synonyms
Definition
The organization’s efficiency is about the comparison between the outputs (services or products) it produces and the inputs (resources) it uses. An efficient organization would be one that produces the maximum possible outputs given its inputs, or one that produces a certain level of output with the minimum amount of inputs.
Generally, the efficiency can be achieved under the conditions of maximizing the results of an action in relation to the resources used, and it is calculated by comparing the effects obtained in their efforts. Measuring the efficiency requires: (a) estimating the costs, the resources consumed the effort, in general, found in the literature as the input; (b) estimating the results, or the outputs (services, projects, products); (c) comparing the two.
Introduction
The efficiency issue is critical to evaluate the performance of an organization.
Measuring and managing performance is relevant to anyone –...
References
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Alfiero, S., Esposito, A. (2017). Comparative Efficiency Studies. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_3292-1
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DOI: https://doi.org/10.1007/978-3-319-31816-5_3292-1
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