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It only takes someone in management to realize that you increase the revenue by selling more of an existing product or raising its price. You reduce your costs
by zoomablemind 3y ago
It only takes someone in management to realize that you increase the revenue by selling more of an existing product or raising its price. You reduce your costs by firing people or renegotiating the prices with suppliers.
"Increasing efficiency" is mostly a theater meant to demonstrate effort during low/no growth periods and without viable products in development to validate such dynamic.
- mdekkers 3y ago> "Increasing efficiency" is mostly a theater meant to demonstrate effort during low/no growth periods and without viable products in development to validate such dynamic. That really depends on the business. I worked with a manufacturing client a few years back, and millisecond process improvements could translate into millions of dollars increased annual profits. They manufactured parts that would sell for about $0.75 a piece at razor thin margins.
- esafak 3y agoI think the OP meant worker productivity, not efficiency of production.
- ludicity 3y agoI once worked at a place where management kept going on and on about reducing toil, but wouldn't let us use something to automate a bunch of extremely manual workloads. It eventually occurred to me that we didn't have to, because the team was the mechanism for automating those workloads. They couldn't tell us they weren't that important, so the easiest option was to just talk about automation while paying us a bunch to keep troubleshooting the gross scripts. Again - that is totally fine, as long as you know what's going on. Then you can make a clear decision around whether you want to stay.