Management Assignment No.

1
Muhammad Siddique 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 a day 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 in traffic 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 didnt arrive on time. Example No. 3 Asif and Imran are provided with 20 units of input (raw material) to produce 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 19-Feb-2011

Example No. 4 In the world of security, Effectiveness means ensuring that sustainable peace is achieved for a conflict situation; Efficiency means, achieving the peace by means and processes where all parties 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 part of business strategy. business model gives a complete picture of an organization from high-level perspective. It describes core aspects of business like purpose, offerings, strategies, infrastructure, organizational structures, trading practices, and operational 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 future development. A business model design includes modeling and description of the companys 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) 2