Overuse of resources in firms leads to 16% efficiency gain.
The article introduces a new way for companies to make decisions about production efficiency. By looking at how costs change over time, they found that many firms are using too many resources and investing too much in equipment. By making some adjustments, firms could become 16% more efficient. The study also showed that current methods of measuring efficiency might not be accurate, with some aspects being overemphasized and others being overlooked.