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.

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.

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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

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!

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

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.

Efficient and sustainable last-mile logistics: Lessons from Japan

McKinsey & Company

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

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

Transforming risk efficiency and effectiveness

McKinsey

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

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.

Good to great: Boosting the efficiency of your TV spend

McKinsey & Company

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

What Efficient Mentorship Looks Like

Harvard Business

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

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

McKinsey & Company

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.

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.

A Proven Guide to Recruiting Passive Candidates

It's a simple, frustrating truth that you can't predict everything when it comes to recruiting for businesses. At some point in your role as a recruiter - perhaps more frequently than not - you'll need to fill a position quickly and you'll look for active recruitment strategies to do it. However, it's not efficient or cost-effective to be in the active recruitment mode all the time. It's important to also invest in building a passive candidate pipeline. Download the guide for tips that can help you build a recruitment strategy that attracts both active and passive candidates for the best possible mix.

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.

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.

How Midsize Companies Can Maximize Growth and Efficiency

Harvard Business

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

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

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.

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

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

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.

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.

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.

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

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.

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

Back office vs. front office: how to boost efficiency and productivity between both offices

1 to 1

Yet, in many businesses, there is often some overlap and confusion over what defines the roles of a front office and back office, making it difficult to prioritize an area for greater efficiency and productivity.

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

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.

The Ultimate Marketing Efficiency Checklist

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

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