Quotes About Efficiency

And a severe influenza pandemic would hit like a tsunami, inundating intensive-care units even as doctors and nurses fall ill themselves and generally pushing the health care system to the point of collapse and possibly beyond it. Hospitals, like every other industry, have gotten more efficient by cutting costs, which means virtually no excess capacity—on a per capita basis the United States has far fewer hospital beds than a few decades ago.

Hospitals, like every other industry, have gotten more efficient by cutting costs, which means virtually no excess capacity—on a per capita basis the United States has far fewer hospital beds than a few decades ago. Indeed, during a routine influenza season, usage of respirators rises to nearly 100 percent; in a pandemic, most people who needed a mechanical respirator probably would not get one.

Even where fear closed down businesses, where both store owners and customers refused to stand face-to-face and left orders on sidewalks, there was still too much interaction to break the chain of infection. The virus was too efficient, too explosive, too good at what it did. In the end the virus did its will around the world.

Natural selection is intolerant of idle verbosity.

Transaction costs use up resources in ways that are unrelated to the actual value of the business to be done. In the extreme, transaction costs can cause markets to be dysfunctional.

However, lowering transaction costs is a task not only for entrepreneurs, but also for public policy. The government has the responsibility to establish and maintain an environment within which markets can work efficiently. (I will refer to this aspect of market design as formal or top-down.)

They cannot operate efficiently in a vacuum.

In other words, certain kinds of transaction costs have been lowered by the internet: the cost of acquiring information, the time, effort, and money needed to learn what is available where and at what price.

This, after all, was Switzerland, where everything works; Switzerland, where trains run like clocks, and clocks run like watches, and watches are synchronous with the pulse of the universe; Switzerland

The amount of money we spend on education is important, but not nearly as important as how the money is spent.

We need the best education system in the United States. The best system, not the most expensive.

The Romans would never have had time to conquer the world if they had been obliged to learn Latin first of all.

Energy conservation is the foundation of energy independence.

America ships tons of sugar cookies to Denmark and Denmark ships tons of sugar cookies to America. Wouldn't it be more efficient just to swap recipes?

A 1.5 litres/100km (3 mpg) increase in the auto and light truck fleet is worth 158,968.35 cubic metres (41,994,994.53 US gallons) of oil a day.

We only have to capture 1/10,000th of the solar energy landing on earth to completely satisfy all our energy needs.

ndustry is Fortune's right hand, and Frugality her left.

The thing that keeps a business ahead of the competition is excellence in execution.

It's better to do one thing well than ten things poorly.

You have a meeting to make a decision, not to decide on the question.

There is always a best way of doing everything.

How do you achieve excellence?...Stop doing non-excellent stuff!

Hey, size works against excellence.

Journey to Excellence involve identifying the right things, at the right time, and to act upon them with the right way to achieve desired measurable outcome.