Efficiency

Efficiency

https://www.google.ch/search?q=efficiency

Efficiency signifies a level of performance that describes a

process that uses the lowest amount of inputs to create the greatest amount of outputs.

https://www.investopedia.com/terms/e/efficiency.asp

Internet and computer technology has made crossborder business organization less costly and more efficient.

https://www.druckerchallenge.org/uploads/pics/Oluwadamilare_Odu-Onikosi.pdf

With a business model focused on cost efficiencies and scale, M-PESA proved a natural fit for managing tuition payments to http://www.bridgeinternationalacademies.com/ Sources Anne Musyoka. http://econ.worldbank.org/external/default/main?theSitePK=469382&contentMDK=22594763&menuPK=574960&pagePK=64165401&piPK=64165026

Movements such as the industrial revolution brought efficiency in time. For example, the factory system, in which each participant focuses on a specific task in the factory line, allowed operations to move along much more quickly increasing output while also saving time. https://www.investopedia.com/terms/e/efficiency.asp

For the past 2 centuries, scalable efficiency has been a winning model. Most companies have been self-contained entities that perform all critical economic activities within their own 4 walls.

Technological improvements have helped organizations to grow in size and efficiency. To decrease costs and improve margins, companies produce at greater volume. https://dupress.deloitte.com/dup-us-en/topics/innovation/institutional-innovation.html

To increase business efficiency, large companies systematically

reduce the number of participants in ecosystems.

By participants / reducing the number of participants in ecosystems and thereby pushing exclusion more than inclusion, large companies achieve cost savings. Also, they increase their bargaining power to push prices further down – thereby squeezing more out of remaining participants in the ecosystem. https://dupress.deloitte.com/dup-us-en/topics/innovation/institutional-innovation.html

Technology, along with mechanization, provides an easy path to efficiency that leaves out those who are not lucky enough to be in its direct path.

https://www.druckerchallenge.org/uploads/pics/Anne_Twombly.pdf

The scalable efficiency model forces a trade-off between efficiency and the ability to learn.

The levels of standardization, tight integration, and predictability that efficiency traditionally require may significantly limit space for the exploration and experimentation that drive learning. https://dupress.deloitte.com/dup-us-en/topics/innovation/institutional-innovation.html

Efficiency is great if you can plan for the long-term. The problem is that today, that is increasingly difficult in several industries. The future is more unpredictable than ever. The connectivity we've achieved has changed everything. People are learning, sharing, adapting and changing their expectations more rapidly. http://www.inc.com/first-round-review/letting-go-of-efficiency-can-accelerate-your-company.html