As a manager, to practice organizational efficiency means to use the organization's resources cost-effectively and wisely.
Organizational efficiency is the process of optimizing the use of organizational resources in achieving a particular goal. It leads to usage of fewer resources and time to achieve that same goal.
Organizational efficiency, by enabling the use of resources in a cost-effective and wise manner, promotes organizational growth, and leads to improved customer experience. It also entails the efficient use of human resources, and promotes a productive work culture.
There are several areas to focus on when attempting to enhance efficiency. These include the management, the workforce, the production process, and communication structures.
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