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Think about what it means to be a major inefficiency. There's going to be some level of friction in the market that competitors must overcome to gain ground on
by arcbyte 2y ago
Think about what it means to be a major inefficiency.
There's going to be some level of friction in the market that competitors must overcome to gain ground on you. If you're a factory, the friction is the cost of the factory plus the opportunity cost of the money used to build it. So any inefficiency less than that is effectively a safe level of inefficiency. Roughly.
We might be developers onsode large corporations witnessing insane amounts of inefficiency, but what are the costs of that next to its actual effect on the business in terms of its ability to fight competitors? Usually relatively small.
- nitwit005 2y agoYou can look around and see vast gulfs in income or profit per employee in some industries. Sometimes it's hard to explain, except as them being inefficient.