Minimum Efficient Scale

CaseInterview.com

Today, I want to introduce you to (or perhaps remind you of) the concept of the minimum efficient scale. For example, Amazon is able to process and deliver its customers’ orders very efficiently because of its “scale.”. Minimum efficient scale can be used in many contexts.

Efficient or productive?

Seth Godin Blog

When time gets short (for new parents or startup founders, for example) we naturally focus on getting efficient. But being efficient is not the same as being productive. We can remove extraneous details and distractions and magically get much faster at getting tasks done.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Efficiency vs Fairness

Tom Spencer

On Thursday 23rd of June, the British people voted by a majority of 52% to 48% to leave the EU. This is a monumental event, and it is worth trying to piece together what happened, and what some of the implications might be. The voter turnout was strong with around 72% of voters casting a ballot. However, the results showed significant division within the UK, with different regions and demographics supporting different sides of the argument.

The future corporate center: Functional efficiency runs in the family

McKinsey

In the corporate center, efficiency begets efficiency—and inefficiency begets inefficiency. The trick is to get more of the former and less of the latter. Insights on Operations

The Ultimate Marketing Efficiency Checklist

Here are 7 creative ways marketers can work smarter (not harder) - with the resources you already have!

Author Talks: Roger Martin on the high price of efficiency

McKinsey

In his latest book, Roger Martin argues for a new view of the economy as a complex, adaptive system that balances efficiency with resilience. McKinsey Books

How a Pen and a Sheet of Paper Make You an Efficient Consultant

Tom Spencer

When one thinks of management consultants, one inevitably thinks of highly efficient workers. This is because an efficient way of working is essential as a management consultant. When you think of an efficient worker, you probably imagine of a person who works quickly.

Why corporate-center efficiency matters

McKinsey

The latest research points to new ways to help a center get more efficient. Getting the most out of a corporate center has never been so important or complex. Insights on Operations

What Efficient Mentorship Looks Like

Harvard Business

It doesn’t have to feel draining. Leadership & Managing people Coaching Productivity Digital Article

Transforming risk efficiency and effectiveness

McKinsey

An enterprise-wide risk transformation can substantially improve risk management while also sustainably trimming costs. Risk Insights

The 2019 Technographic Data Report for B2B Sales Organizations

In this report, ZoomInfo substantiates the assertion that technographic data is a vital resource for sales teams. In fact, the majority of respondents agree—with 72.3% reporting that technographic data is either somewhat important or very important to their organization. The reason for this is simple—sales teams value technographic data because it makes essential selling activities easier and more efficient.

Institutionalizing drilling and completions efficiency in US unconventionals

McKinsey

US shale drillers lead the world—but even so, investing to improve drilling efficiency, well design, and back-office functions can deliver returns that far outweigh the costs.

When Efficiency Goes Too Far

Harvard Business

A conversation with Rotman professor emeritus Roger Martin on why leaders should stop treating companies like machines. Economics & Society Operations Strategy Audio

How to turn marketing efficiency into growth

McKinsey

At Western Union, fueling growth starts with taking a hard look at how effective current marketing programs are. Chief Strategy, Product and Marketing Officer Libby Chambers explains how it’s done. Our Insights

Why Highly Efficient Leaders Fail

Harvard Business

If focusing on your to-do list means you aren’t focusing on your employees, that’s a problem. Productivity Digital Article

How to Overcome the Pain Points of Your CRM

When used effectively, a CRM can be the life blood of your sales team – keeping everyone organized, efficient, and at peak productivity. However, as a company, sales stack, and database grow, it becomes difficult to uphold structure and governance to keep a CRM up-to-date. The result? Less organization, more confusion, and fewer deals closed. Leveraging leading industry research from industry analysts, this eBook explores how your sales team can gain back valuable time.

Achieving optimal yields and efficiency in European meat processing

McKinsey

Companies that have aggressively pursued automation have cut costs and waste, all while improving beef and pork quality. Agriculture Insights

How to Set Up an Efficient Covid-19 Vaccination Site

Harvard Business

A look at the lean management strategies adopted by New York’s Mount Sinai Morningside Hospital. Operations Digital Article

Declining bus ridership Improving the efficiency of transit networks

McKinsey

Transport authorities are navigating lower public-transit ridership, declining air quality, and growing financial pressures. Integrating bus networks into the broader urban infrastructure is key. Insights on Capital Projects & Infrastructure

How Brazil can optimize its cost of energy

McKinsey & Company

Investing in diversification, grid improvement, and energy efficiency could lower prices and expand supply. Insights on Electric Power & Natural Gas Energy efficiency Electric Power BrazilBrazil’s energy costs remain higher than that of its global peers.

Best Practices for Accelerating the Sales Process

This eBook takes a look at three headache-free strategies you can employ today to accelerate selling the right way. Read on to learn how to adopt specific workflows and approaches that append your existing processes to deliver value to your prospects and internal counterparts.

Sustainable compliance: Seven steps toward effectiveness and efficiency

McKinsey

Banks do not control the demand for compliance, but they can optimize the effectiveness and efficiency of their response. Our Insights

Great Companies Obsess Over Productivity, Not Efficiency

Harvard Business

Business leaders often think of “efficiency” and “productivity” as synonyms, two sides of the same coin. When it comes to strategy, however, efficiency and productivity are very different. This view differs substantially from the relentless focus on efficiency that has characterized management thinking for most of the last three decades, but it is absolutely essential if companies are going to spur innovation and reignite profitable growth.

Building efficient IT organizations: Insights from our benchmarks

McKinsey

A focus on five high-level capabilities may help IT organizations reduce costs, improve productivity, and successfully pursue digital innovation. Our Insights

An efficient operating model for US regional banks

McKinsey

To break out of a performance rut, US regional banks must fundamentally redesign and simplify their operating models. Our Insights

Using analytics to increase satisfaction, efficiency, and revenue in customer service

McKinsey

Payments providers that adopt advanced analytics to develop integrated approaches to customer service are seeing significant improvements. Insights on Financial Services

HR Metrics: How to Calculate Cost Per Hire

The Clever Consultant

Metrics HR Efficiency human resources Recruiting CostsCost Per Hire (CPH) is one of the most common HR metrics used to measure recruiting effectiveness. That’s because it’s insanely simple to calculate – just add up your total recruiting costs and divide them by number of new hires for a given period. CPH shouldn’t be used in a vacuum, though, as it doesn’t […].

Cascade of Errors

CaseInterview.com

Blog Success in Life efficiency errors mistakesI first heard of the phrase “cascade of errors” from a friend of mine who was a private pilot.

How a New Collaboration Is Using “Intelligent Efficiency” to Improve Healthcare - SPONSOR CONTENT FROM GE HEALTHCARE

Harvard Business

Sponsor content from GE Healthcare. Managing organizations Sponsor Content

How Managers Can Make Group Projects More Efficient

Harvard Business

We may have hit a saturation point when it comes to collaboration. Consider the following: Research out of the University of Pennsylvania’s Wharton School and the University of Virginia’s McIntire School of Commerce shows that time spent by managers and employees in collaborative activities has ballooned by 50% or more over the last two decades.

Technology That Improves the Customer Experience and Boosts Efficiency

1 to 1

Over the years, there have been quite a few technologies that have emerged that offer the double threat of strengthening the customer experience while improving operational efficiency. These include self-service tools, mobile field service applications, and systems used to support crowdservice forums. Add inContact''s new outbound predictive dialing system to the mix. There’s more… To read the rest of this blog posting click here or visit www.1to1Media.com/weblog.

Discipline Fatigue

CaseInterview.com

Blog Success in Life burn out discipline efficiencyI was brushing my teeth this morning while doing hamstring stretches with one of my feet propped up on the bathroom counter. I do this every time I brush my teeth.

Government Efficiency: State Dept Gives 75-Year Estimate to Release Clinton Aides’ Emails ‘Not Outlandish’

MishTalk

Some people raised eyebrows when in response to a freedom of information request the state department said it would take … Continue reading → Economics

Cascade of Errors

CaseInterview.com

Blog Success in Life efficiency errors mistakesI first heard of the phrase “cascade of errors” from a friend of mine who was a private pilot. As part of his desire to be a competent and safe pilot of private planes, he regularly read after-action reports of every airplane crash in the United States. His thinking was that crashing an airplane had a near 100% fatality rate. So, there is no opportunity to learn from your own mistakes. You can only really learn from someone else’s mistakes. (I

How to Win with Automation (Hint: It’s Not Chasing Efficiency)

Harvard Business

” So the key to winning in the era of automation, where robots do jobs formerly performed by humans, is not simply more efficiency, but to explore and identify how greater efficiency creates demand for new jobs to be done. In 1900, 30 million people in the United States were farmers. By 1990 that number had fallen to under 3 million even as the population more than tripled.

How New Human-Machine Collaborations Could Make Government Organizations More Efficient - SPONSOR CONTENT FROM DELOITTE

Harvard Business

Sponsor content from Deloitte. Innovation Technology Sponsor Content

How Companies Are Using Machine Learning to Get Faster and More Efficient

Harvard Business

Although machine-reengineering is new, companies are already seeing striking results with it, particularly in boosts to speed and efficiency. The technology can pick out kinds of people — mountain climbers, for instance — to help advertisers more efficiently match ads to the videos. Workers can become more efficient and effective, which improves workflows as well as the bottom line.

7 Signs You Should Become An Independent Consultant

Consulting Success

Consulting is providing your expertise to help a person or organization solve problems or reach their goals more efficiently and effectively. What is an independent consultant?

Consultant Ninja: Information Visualization Irony: Management.

Consultant Ninja

It lacks functionality and an efficient UI, and is overpriced." - Andy Holaday "Its a cascading hierarchy of awfulness, which almost makes it challenging to critique!" - Tim Wilson "But it’s not just the people with the purse strings who will buy something because its a) pretty, b) expensive and c) they’ve heard of it." - N Barrett. skip to main | skip to sidebar. Consultant Ninja.

Rolling Back Fuel Efficiency Is a Bad Deal for Everyone — Including U.S. Carmakers

Harvard Business

” Let’s explore the impacts of one of the most prominent examples of regulatory retrenchment in the works: the rollback of auto fuel efficiency standards. Department of Transportation review the previously agreed-to fuel efficiency marks. ” A weakening of efficiency standards may save the automakers some money in the short-run, and the press is certainly calling it a “victory” for the auto giants.