What Does Efficiency Really Mean?
“We need to be as efficient as possible.” You have heard it before. There is constant pressure by growing competition, growth opportunities, and impending deadlines on teams (yours included!) to be extremely efficient. The word ‘efficient’ is so often used that it has become a buzzword. Before you can maximize your efficiency, you need to be able to see past the buzz and understand exactly what efficient really means. Let this short read serve as your reminder of the meaning of efficiency.
Efficient (adj) - achieving maximum productivity with minimum wasted effort or expense. Performing or functioning in the best possible manner with the least waste of time and effort.
Now let’s quickly glance at the definition of productivity as well:
Productivity (noun) - the state or quality of producing something. Being able to generate, create, enhance, or bring forth goods and services.
For high performance teams, alignment is crucial to efficiency. Team members that are not aligned around company goals might be busy, but are likely under-performing in areas that truly matter. Sideways energy in your company will negatively impact your results and keep you from accomplishing your key objectives.
So how do high performance teams maximize alignment and increase efficiency? Setting corporate goals and creating a healthy communication pulse is a great place to start. From there, strong companies focus on 2 things: producing more and wasting less. High performance teams focus on maximizing their ability to produce results, while ensuring a communicate pulse to minimize wasted effort.
What are you doing to increase your team's efficiency? How are you maximizing your own efficiency?