What is the concept that combines both effectiveness and efficiency in an organization?

The concept that combines both effectiveness and efficiency in an organization is best represented by the term "organizational survival." Effectiveness refers to the degree to which an organization achieves its goals and meets the needs of its clients or stakeholders, while efficiency relates to how well resources are utilized to achieve those goals. When organizations successfully integrate both effectiveness (achieving desired outcomes) and efficiency (maximizing resource use), they position themselves for long-term sustainability and success in a competitive environment.

In this context, to achieve organizational survival, it is crucial to balance not just effectiveness and efficiency but to understand how they interact to drive performance and growth. Focusing solely on one aspect can lead to imbalances that jeopardize the overall health and viability of an organization. Instead, the harmony between meeting objectives efficiently while also delivering quality results fosters an organization that can thrive and adapt over time.