The (Occasional) Wisdom of Inefficiency
By Alec Pendleton, Big Ideas for Small Companies, powered by The MPI Group Many leaders think they know the Magic Bullet for Maximum Success: Efficiency! If only we could do everything in our lives with superior efficiency, they believe, all sorts of wonderfulness would be sure to follow. Profits would surge! Competition from China and elsewhere would dwindle! Our standard of living would soar! What could possibly go wrong? Well, actually … quite a lot. The Theory of Constraints, described by Eliyahu Goldratt in The Goal — one of the best business books I’ve ever read — makes it clear [...]