Efficiency, on the other hand, is doing the right thing right. In other words, efficiency is being able to do what you want to do in a way that's considered good and more than satisfactory. Usually efficiency is referred to as the best use of the resources available to achieve a specific goal.
Back to the tools example above, after you decide which kind of tools is the more effective for your task, how you actually use the tool is going to determine your efficiency. That will be based on things like, how easy it is to get the task done with the tool, how much time does it take you to complete the task using the tool, how good is the outcome of your work, etc.
So basically, determining the kind of tools that is right for your mission is EFFECTIVE. On the other hand, using the tool right to successfully achieve the mission is EFFICIENT.
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