Efficiency, Effectiveness and Sustainability:The Basis of Competition and Cooperation
Amar KJR Nayak
20 October 2012
short article provides a clarification to the idea of sustainability.
It compares the ideas of efficiency and effectiveness with the idea of
sustainability to provide some clarity and understanding of the term
sustainability. Space, time, context, objective function and value are
the bases used to compare, clarify and present a stand on what we
understand by sustainability. The article shows the relationship of the
three terms and how the idea of sustainability encompasses the ideas of
effectiveness and efficiency. Based on the above analysis, the article
provides a working definition of sustainability.
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Xavier Institute of Management, Bhubaneswar - 751013, Odisha, India