Difference between revisions of "Operational Efficiency"

Revision as of 19:16, 27 August 2020

Operational Efficiency

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-Operational Efficiency is about doings right, minimizing the resources input requirements for a given output. Four drivers can be identified:
+Operational Efficiency
-# '''[[Economies of scale|Economies of scale]]''' and learning
-# '''[[Optimization of product design|Optimization of product design]]'''
-## Business process re-engineering and smart product design enables companies to reap efficiency benefgits.
-# These efficiencies may be complemented by '''Lowering of input costs'''
-# '''[[Culture and norms|Culture and norms]]''' may also increase operational efficiency. In the eyes of some employees, low cost curve is not particular attractive way to spend a working day. As a result they create organizational slack.
-<html><img src = "/static/files/MBI/Module%2011/operationalefficiencies.PNG" width="600"/></html>
 [[Category:marketing]]