Question
Focusing solely on efficiency in a production-based company can lead to several potential drawbacks. It can lead to a narrow focus where other important aspects such as innovation, employee satisfaction, and long-term strategic planning are overlooked. This can result in a lack of creativity and adaptability, making the company less competitive in the long run. Additionally, an overemphasis on efficiency can lead to overworking of employees, leading to burnout and decreased productivity over time. It can also lead to a decrease in product quality if too much emphasis is placed on producing items quickly and cheaply.
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The lessons here are woven into a story about a production-based company and the new manager. The main character, Alex, approaches his new position armed with all the conventional management techniques and gets to work. Readers will probably be familiar with this scenario. Alex's first goal is to improve efficiency. He works on cost-effective purchasing, quality control, customer satisfaction, and all those other things that traditional business management dictates. But all those theories and all that work didn't create any additional profit.
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