Efficiency — the shortest path to business excellence

Abstract

Efficiency is the most realistic way to maximize the ultimate goal of business, profit. Other means, such as: increasing sales volumes, increasing prices, etc., are limited by the strictest laws of production and the market and, therefore, are often unattainable for business. In these conditions, efficiency appears as a magic wand, before which even the most tightly closed doors of business success open painlessly. But this can only be achieved by a thorough study of the nature of the category of efficiency.