Efficiency vs Effectiveness

Name: Efficiency vs Effectiveness
Uploaded: 2024-01-25T13:49:50+00:00
Duration: 34 s
Channel: Leon Eisen, PhD
Description: Short YouTube talk introducing the distinction between efficiency ("doing things right") and effectiveness ("doing the right things") and presenting a…

25 Jan 2024 · 1 min

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0:34

Short YouTube talk introducing the distinction between efficiency ("doing things right") and effectiveness ("doing the right things") and presenting a framework called Quantum Business Thinking (QBT). Speaker claims QBT comprises eight principles that shift focus from efficiency to effectiveness, enabling sustained company growth (speaker mentions building the company "for three years" and growing it significantly).

Chapters

If we move from efficiency to effectiveness in all the business, we can win and we can build the company for three years and grow it amazingly. And this is what quantum business thinking, I call it qbt, Quantum business thinking. Eight principles. These enable to build efficiency. So efficiency is all about doing things right and effectiveness is doing right things. And this is the most important.