Tag Archives: Efficiency

Isn’t ‘Adversity’ just another word for ‘Change’?

Adversity - Let’s get some perspective on the ‘potential affects’ of economic change We consistently hear – “But this will certainly create risk and uncertainty leading to a changed business landscape”. Yes, of course it will, but every business wishing to sustain or grow, has to deal with this as part of their on-going strategy…
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Why is “Value Added” the key to profitability?

Ensure your customer values your product or service – Make sure you’re giving your customer what they need by analysing your process. This will help you to discover the ‘value add’ and conversely what is adding unnecessary cost.

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Effectiveness v Efficiency

"DO THE RIGHT THING RIGHT" "doing the right thing is more important than doing things right." Doing the right thing is effectiveness; doing things right is efficiency. That's according to noted management expert, Peter Drucker. As he says; Focus first on effectiveness (identifying what is the right thing to do), then concentrate on efficiency (doing…
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