Re: Difference between Efficiency, Productivity, Performance ?
In my opinion productivity, performance and efficiency seem to give similar information about the organisation.
As u know
Efficiency = Output/ input
Productivity = Efficiency of production = Output (Sales) / Input resources (4 M's)
We can say that it indicates whether a process is going in the right direction.
Performance Indicators according TPM are PQCDSM
Efficiency = Consider yourself playing football. If u are able to receive all balls passed by ur team mate and divert it some body then, it is called effiency.
Doing things right.
Another word is Effectiveness.
Effectiveness = In the same game if ur able score a goal on each pass, then ur effective.
Often Planned Vs Achieved (In terms of time and cost)
Doing right things.