Friday, January 15, 2016

Efficiency and Effectiveness....

Efficiency and Effectiveness...

My dream was to study at the IIM, Ahmedabad. But that could not happen due to various reasons.

In the early eighties, while I was in business, I wished to pursue management education at the newly started LIBA (Loyola Institute of Business Administration).

After passing the entrance examination I was interviewed by three persons, one of them, Prof. Jay Amaran (who later married my aunt's grand-daughter).

I was bombarded with questions, more to know how I answered (perhaps). They were not all keen to give me admission since they opined that I was an entreprenuer. Seats were few.

In those days Peter Drucker was my role model.

One of the questions in the interview: What is the difference between efficiency and effectiveness?

Pat came my reply: One does things right and the other does the right things. (Courtesy: Peter Drucker!!)

The interview was interesting to both parties, but the admission was denied!!

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