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Minimum Efficient Scale

CaseInterview.com

Today, I want to introduce you to (or perhaps remind you of) the concept of the minimum efficient scale. It is the notion that, as a company gets bigger, it is able to achieve cost savings through its “scale” or the size of its operations. The concept of “minimum efficient scale” is less well known and is a less-used term.

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The Transformative Power of AI in Business

Tom Spencer

In the digital age, businesses are constantly seeking innovative ways to gain a competitive edge and streamline their operations. From enhancing customer experiences to optimizing decision-making processes, AI is reshaping the way businesses operate and opening up new possibilities for growth.

Data 147
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Emergence of Formal Behavioral Insights Teams and Initiatives

Steve Shu Consulting

I recently ran into a short video by the New South Wales government which does a great job of introducing the notion of behavioral insights and application in the governmental space. One the other hand, possibilities for competitive differentiation and new products seem limitless. Operating Model Development.

Video 230
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(Value Stream) Map Your Way to a Better Post-Covid Future

Markovitz Consulting

But if you want to thrive in the post-COVID world, you’ve got to start working on operational improvements now. Value stream maps (VSMs) show both the material and the information flow in any kind of end-to-end process such as order to cash, or new product introduction. COVID travel restrictions made those customer visits impossible.

Sales 147
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Mastering the Art of Leading Remote Work Teams

Rick Conlow

Now however, controversy about the productivity challenges of leading remote work teams confront organizational assumptions about its effectiveness. The Council on Foreign Relations shares global research on how productivity increases in remote work settings. Owl Labs date says they are 47% more productive. hours a week.

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Holiday Human-Capital Culling Could Cost

Harmonious Workplaces

Everywhere you look online during the 2023 holiday season, you’ll see three things: A ridiculous amount of ads for products you don’t need or want… but might buy anyway. Compilation videos of holiday decorating fails. In that case, these professionals can help manage the transition smoothly, ensuring minimal disruption to operations.

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Sustainable Aviation: Emerging Trends and Opportunities

Tom Spencer

While electric vehicles are already replacing conventional automobiles, no electric aircraft is ready for large scale commercial production that can usher in a sustainable revolution in aerospace. Companies such as GE Aviation and Safran are working on improving engine efficiency in order to reduce emissions. Chemical Innovations.

Trends 88