efficiency

Vocabulary Word

Definition

When we talk about 'efficiency,' we're referring to the ability to do or perform a task well without wasting time, effort, or resources. It's about achieving your goal in the best way possible.

Examples in Different Contexts

In social impact projects, 'efficiency' in resource utilization is paramount. A project coordinator might declare, 'Optimizing efficiency in our interventions is crucial to maximize impact, reaching more beneficiaries with the available resources.'

Practice Scenarios

Tech

Scenario:

The app's loading time is pretty slow and it's affecting the user experience. We might have to optimize the code.

Response:

I agree, optimizing the code for better efficiency should be our top priority now.

Product

Scenario:

The production costs are going over budget. We need a strategy to better utilize the resources.

Response:

Absolutely, investing in updated machinery could significantly improve the efficiency of our production process.