Efficiency

Efficiency is an epiphenomenon of identifying and valuing a company’s intangible assets. It refers to the ability of a business to accomplish tasks or operations in the most optimal manner while minimising wasted resources and maximising output. It involves streamlining workflows, eliminating bottlenecks and employing strategies to achieve desired results with fewer inputs, such as time, energy or materials. By prioritising efficiency, a company can reduce costs, enhance productivity and gain a competitive edge. allocate resources and improve overall performance. Efficient processes and operations can become valuable intangible assets, contributing to the success and long-term viability of a business.