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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. For example, Opower tapped into a great market using software-as-a-service and a behavioral efficiency model for saving energy. How will the wave build?

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. Here are three examples of how their maps have helped them see into their processes more clearly and make changes to become more efficient. COVID travel restrictions made those customer visits impossible.

Sales 147
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How to Provide Safe and Comfortable In-Person Training as People Return to the Office

Clarity Consultants

Keep eLearning programs operating or use virtual participation methods – like video conferencing software – to allow employees to attend remotely if the need arises. At Clarity, we have nearly 30 years of experience in L&D, giving us the knowledge and expertise to update your training approaches efficiently.

Training 113
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Holiday Human-Capital Culling Could Cost

Harmonious Workplaces

Compilation videos of holiday decorating fails. Efficiency in Recruitment Processes: During the holiday season, if the competition follows the pack and pulls back its efforts to recruit or move full-steam ahead on layoffs, your job postings could stand out more and attract a higher quantity of high-quality applicants.

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Four Types of Superpowers for Consultants and Coaches

Consulting Matters

When you are operating from your superpower, you are in flow, confident, and bold! When he tapped into this energy, he realized that what makes him unique is that he doesn't just produce workplace videos that improve employee performance but ones that are fun and memorable and that transform motivation. LeBron James.