What is the difference between efficiency and effectiveness

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Reference no: EM131230017

1. What is the difference between Efficiency and Effectiveness? Who in the organization is typically more responsible for achieving Efficiency vs. achieving Effectiveness – and why? How does this difference in job responsibility affect the approach to decision support provided to different levels of management in the organization?

2. What is data mining? What kinds of algorithms are used in data mining? As a business owner, what kinds of benefits can you get out of it? As an individual what kinds of concerns might this practice raise?

Reference no: EM131230017

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