Business Concepts in Globalization

Pratim Milton Datta ()
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Pratim Milton Datta: Kent State University

Chapter Chapter 3 in Global Technology Management 4.0, 2022, pp 35-67 from Springer

Abstract: Abstract To begin mulling on matters of production and innovation, it is useful to consider the notions of efficiency versus effectivenessefficiency versus effectiveness. Efficiency is a hallmark productivity metric. Deep-seated in notions of productivity, efficiency is simply the ratio of output divided by input.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-96929-5_3

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DOI: 10.1007/978-3-030-96929-5_3

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