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Management Assignment No. 1

Muhammad Siddique 19-Feb-2011

REG. NO. 15138

MBA Evening Program

EXAMPLES OF EFFECIENCY & EFFECTIVENESS:

Example No. 1

In a pathological laboratory if a pathologist performs larger no. of tests in aday as compared with his fellow pathologist. He is said to be  “Efficient” 

because he is faster.

On the other hand if Reporting Results of the tests performed by him are

Correct then he is “Effective” too.

Example No. 2

If I take appointment with a Consultant (Doctor) and go to his clinic and He

has not yet reached clinic. His assistant convinces me that Dr. is stuck intraffic jam. I wait a couple of hours. Finally Doctor arrives, prescribes me

some medicines. I go back to home, take medicine and become cured.

In this scenario Doctor is “Effective” because his treatment has cured me,

but he is “NOT Efficient” because he kept me waiting and didn’t arrive ontime.

Example No. 3

Asif and Imran are provided with 20 units of input (raw material) toproduce the output of 40 units. They both produced 40 units of output but

Asif used 12 units of inputs while Imran used all the 20 units of input.

Here Asif and Imran both are “Effective” since they both have achieved the

required results of 40units of output.

Asif is “Efficient” too because he produced same output with less input.Imran is not “Efficient” but he is only “Effective” 

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Example No. 4

In the world of security,  “Effectiveness” means ensuring that sustainablepeace is achieved for a conflict situation;

 “Efficiency” means, achieving the peace by means and processes where allparties to the conflict WIN, there is less aggregate harm, the resources

used are cost effectively applied and an optimal time is used.

Q. What is a business Model?

BUSINESS MODEL:

A business model describes the logic/basis of how an organization creates,

delivers, and captures value. The process of business model design is partof business strategy.

business model gives a complete picture of an organization from high-levelperspective. It describes core aspects of business like purpose, offerings,

strategies, infrastructure, organizational structures, trading practices, andoperational processes and policies.

Business models are used to describe and classify businesses, but they are

also used by managers inside companies to explore possibilities for futuredevelopment.

A business model design includes modeling and description of the

company’s core segments such as:

• Value proposition

• target customer segments

• distribution channels

• customer relationships

• value configurations

• core capabilities

•

partner network• cost structure

• revenue model

Submitted by:

Muhammad Siddique (Reg# 15138)

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