Discuss Why Superior Efficiency Is Important and the Many Ways

question 10

Essay

Discuss why superior efficiency is important and the many ways that different parts of the organization can help achieve it.

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Definitions:

Outsourcing Benefits

The advantages gained by a company when it hires external firms to perform tasks, handle operations or provide services that are either difficult to manage or are outside the company's core competencies.

Direct Conversion

A process in energy transfer or digital signal processing that transforms one form of energy or signal directly to another without intermediate steps.

Parallel Conversion

The process of running old and new systems simultaneously during the transition to a new information system.

Open-Source Software

Software with source code that is made freely available for anyone to inspect, modify, and enhance, promoting collaborative development and distribution.