Wired for Success

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Efficiency: Another Management Myth

Tough economic times has produced a flood of management "experts" and many leaders of organizations whose only strategy for dealing with the downturn in the economy is cutting costs, layoffs and more efficiency based strategies. The mantra for business for much of the last century has been operational efficiency. So leaders look for ways to cut costs and make the operations lean and mean. Yet much of the rationale for and evidence supporting efficiency as a key management strategy is questionable. Read More

Efficiency is a catchy, useless meme

Agreed. Effectiveness is vastly preferable to efficiency.

These management myths do proliferate, don't they?

I've been covering statistical cognitive biases recently at my blog. They're a great way to tie yourself in mental knots without any statistically demonstrable life benefit.

Keep up the good work.

-Koanic

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Ray Williams is the author of Breaking Bad Habits and The Leadership Edge.

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