η = Work output/ Work input x 100%?
Efficiency is not just about increasing input. Multitasking, often seen as a way to boost efficiency, can actually lead to poor performance. Some believe that maximizing output while minimizing input is the key. This approach, however, can be cou...

Take multitasking. Once heralded as the pinnacle of efficiency, it's clear that one person juggling the tasks of five usually results in doing none of them well. Yet, the myth persists. This is largely because people stricken with 'smarties' think it's far easier to tweak the definition of 'well' in the context of doing a job. And partly because a new business model is all the rage: make money by not spending. Management gurus are still trying to find the El Dorado of efficientiam maximas: building a penthouse without wasting money on a ground floor. And let's not forget meetings - the time vortex where efficiency goes to die. But what do physical laws know about human ingenuity, eh?
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.