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Productivity & Efficiency

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What do you understand by " productivity" and "efficiency"? Can you discuss three reasons why both concepts matter in any production activity?

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Productivity is concerned with quantity or output whereas efficiency is concerned with quality. Productivity focuses on achieving certain output or quantity related goals, such as producing X number of units in a given timeframe whereas efficiency is focused on output with least waste or output produced with least possible use of ...

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Discusses the concepts of productivity and efficiency in production.

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For help:
www.leadersphere.com/img/Orgmodels.pdf (look for congruence model)

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