Entrepreneurship on Line

Aiming for skilled entrepreneurs.

Thursday, September 9, 2010

Efficient Networks

Efficiency means an objective is an outcome is achieved with a minimum of input. If you spent X resources to achieve Y result you would have been twice as efficient than if you'd spent 2X resources to achieve the same Y result. And if you spent X resources to achieve Y result you'd have been half as efficient as someone who spent .5X to the same outcome.

In terms of network development assume you are "A" and the person you want to connect with is "D" and two intermediaries are "B" and "C." If to connect "D" you first must connect with "B" and then with "C" you're building your network less efficiently as if you could connect directly with "D" without having to connect first with through "B" and "C." Not having to connect with "B" and "C" means you spent less time and attention and probably money to achieve your objective of connecting with "D" and your efforts are more efficient.

Efficiency is good but as we shall see it's not everything.

Entrepreneurship is the life's blood of all my professional activities. It makes them go. And go read my mysteries, The Case of the Kearney Music School Murders and No Stop on Red, both available at Amazon.com. You can read the first one for free at wwww.kearneymusicschoolmurders.blogspot.com or buy it from Amazon.com more cheaply than you can print it out.

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