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.

Leadership Tip 12: Focus on Effectiveness, Not Efficiency

Johanna Rothman

Many of us focus on how efficient we can be. An Example of Moving from Efficiency to Effectiveness. We're focused so much on efficiency, that we haven't decided what not to do. Efficiency focuses on reducing the cost or time of the work—doing things right.

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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.

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.

4 AI Hacks to Make Sales Teams More Efficient

Over the last two years, there’s been a 76 percent increase in AI adoption across sales organizations. For sales teams, AI opens up a world of new possibilities, including automating outreach, identifying best-fit buyers, and keeping CRMs flush with fresh data. Read on to learn the four AI hacks sales teams need to improve their performance. Download the eBook today!

4 Tips on Efficient Resource Allocation in a Multi-Project Environment

Epicflow Blog

What do you need to know to allocate resources efficiently in a multi-project environment and utilize them to the full? Resources are allocated efficiently when the right people work on the right tasks, while employees’ workload remains balanced – they are neither over- or underloaded. .

Unlocking enterprise efficiencies through zero-based design

McKinsey

Zero-based design allows even mature companies in asset-heavy industries to cut costs and complexity without compromising safety, quality, or customer trust. Insights on Operations

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

Aircraft Engineering: How to Manage a Typical Project with Maximum Efficiency

Epicflow Blog

To be able to stay competitive on the market and cope with any arising issues, aerospace engineering companies are expected to seek how to improve operational efficiency in general and the engineering processes in particular. . What drives efficiency of aircraft engineering projects?

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.

LinkedIn + ZoomInfo Recruiter: Better Data for Better Candidates

Check out our latest ebook for a guide to the in-depth, wide-ranging candidate and company data offered by ZoomInfo Recruiter — and make your next round of candidate searches faster, more efficient, and ultimately more successful.

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

Efficient and sustainable last-mile logistics: Lessons from Japan

McKinsey

Delivery droids may be the solution to keep costs and environmental impact low, if stakeholders collaborate to pave the way. Insights on Travel, Logistics & Infrastructure Post & parcel services Logistic providers Japan

Transforming risk efficiency and effectiveness

McKinsey

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

Good to great: Boosting the efficiency of your TV spend

McKinsey

Data holds the key to improving TV spend without sacrificing customer impact. Marketing & Sales Insights Marketing spending effectiveness & ROI Marketing strategy Branding & brand strategy

How to Overcome the Pain Points of Your CRM

CRM software is a powerful tool when used correctly, yet another obstacle to a sales team’s efficiency when it’s not. Leveraging research and commentary from industry analysts, this eBook explores how your sales team can get back valuable time by overcoming some pain points with your CRM, such as low adoption rates, integrations, and data quality.

4 Tips on How to Manage Globally Distributed Teams with Maximum Efficiency

Epicflow Blog

To plan projects’ flows and apply efficient allocation strategies, a project or a resource manager has to know how many resources will be needed to perform a planned scope of work. Remote teams are a reality of today.

Finding the right (of) way to efficient road operation and maintenance

McKinsey

Comparing operation and maintenance performance of different roads is complex, but it can help improve efficiency for roadway owners and operators and unlock much-needed capital.

What Efficient Mentorship Looks Like

Harvard Business

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

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.

A Proven Guide to Recruiting Passive Candidates

It's not efficient to be in active recruitment mode all the time. It's important to also invest in building a passive candidate pipeline. Download the guide to help you build a recruitment strategy that attracts both active and passive candidates.

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

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

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 Midsize Companies Can Maximize Growth and Efficiency

Harvard Business

One can fuel the other. Managing organizations Change management Financial management Digital Article

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.

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

The Mindset You Need to Succeed in Consulting with Dan Burgos: Podcast #204

Consulting Success

Consulting Success Podcast Achieving Freedom Comfort Zone Effective Leadership Empowering Your People Great Efficiency Servant LeaderStarting your own consulting business isn’t easy. You need a couple of key mindsets if you want to succeed.

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

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

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. Leveraging leading industry research from industry analysts, this eBook explores how your sales team can gain back valuable time.

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

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

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.

The Mindset You Need to Succeed in Consulting with Dan Burgos: Podcast #204

Consulting Success

Consulting Success Podcast Achieving Freedom Comfort Zone Effective Leadership Empowering Your People Great Efficiency Servant LeaderStarting your own consulting business isn’t easy. You need a couple of key mindsets if you want to succeed.

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.

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

Leadership Tip #19: How “Team Building” Activities Help and Hurt People and Teams

Johanna Rothman

That's a focus on flow efficiency , not resource efficiency.). Reward flow efficiency actions, not resource efficiency. management MPD congruence culture feedback flow efficiency leadership tip Modern Management Made Easy team building trust

Little’s Law for Any Kind of Product Development: How to Learn How Long Your Work Will Take

Johanna Rothman

I'm also a fan of working in flow efficiency , so the team can finish more features faster. In addition, when managers reward flow efficiency, people tend to collaborate more, not just cooperate. Joanie, a new VP Engineering, joined the company a couple of weeks ago.

The Ultimate Marketing Efficiency Checklist

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