What is the difference between redundancy and efficiency in business operations?

What is the difference between redundancy and efficiency in business operations?

Redundancy refers to having extra resources or processes to ensure reliability, while efficiency focuses on minimizing waste and maximizing output.

Can you give an example of redundancy in a business?

Sure! An example of redundancy is having backup servers in case the primary server fails, ensuring continuous operation.

How can a business balance redundancy and efficiency?

A business can balance both by assessing critical processes and determining where redundancy adds value without excessive costs.

What are the risks of too much redundancy?

Too much redundancy can lead to increased costs, complexity, and inefficiencies, potentially outweighing the benefits.

Is there a point where efficiency becomes detrimental?

Yes, excessive efficiency can lead to burnout, reduced quality, and lack of flexibility, making it hard to adapt to changes.