Designing an Efficient and Effective Business in the Era of Industry 4.0

Hello, fellow Tech Teamers! Are you considering starting your own business this year instead of being an employee? Or perhaps you’re already in the process of planning your business?

That’s great! I hope your intentions and efforts always lead to success!

When designing a business, you undoubtedly want your business plan to succeed and operate efficiently and effectively according to general management principles.

But are you confident that your business is already effective and efficient?

These are two familiar terms often used together but have different meanings: effectiveness and efficiency.

Effectiveness is related to and focused on achieving the desired goals or expectations of your business by utilizing all available resources, such as labor, time, costs, and ideas. Effectiveness looks at achieving success without considering the cost or other available resources.

On the other hand, efficiency focuses on how to use minimal resources to achieve maximum results.

However, in reality, sometimes a business or job that is deemed effective is not always efficient, and vice versa. Therefore, a business needs to strive for both effectiveness and efficiency to achieve its goals as expected.

For example, let’s say you travel from Jakarta to Bali by plane, which costs you 5 million rupiahs and takes 1 hour. In this case, you have undertaken a trip that is not cost-effective (expensive) but efficient (quick).

Now, let’s consider another example. If you take a train that takes a bit longer (let’s say 2.5 hours) but costs significantly less (let’s say 250,000 rupiahs), you would have taken a trip that is both effective and efficient.

Therefore, these two terms are often used together to emphasize two important aspects of a business: making the most of available resources to focus on the bigger picture in the future.

Now, how can you make your work effective and efficient in the digital world?

  1. Develop a well-thought-out plan starting from the main objectives, KPIs, and OKRs, to the action plans. You can create a business plan using tools like the Business Model Canvas or the Lean Canvas, which are available for free download on the internet.
  2. Determine the priorities of your business and organize the delegation of tasks effectively, while also conducting mentoring and regular evaluations of your business.
  3. Promote your business to find prospects because building customer relationships can take months. You can leverage digital channels for promotion, reaching a wider audience.
  4. Transition your business to the digital realm by creating a website or mobile application. Entrust this task to a service provider like Tech Team Indonesia to make it more effective and efficient, allowing you to focus on other aspects of your business.

Tech Team Indonesia is more than happy to be entrusted with transforming conventional businesses into digital ones, providing various benefits to your business.

Curious? Simply contact https://wa.me/6281902274287 or visit https://techteam.id/ for a FREE 24-hour consultation plus SPECIAL BONUSES and PROMOTIONS that can make your business more digital and gain more exposure with the help of Tech Team.

Thank you for reading this article. Click here to discover various other interesting tips from Tech Team!

Thank you for reading this article. Click here to discover various other interesting tips!