Organizational efficiency: A review of the literature

Abstract

Organisations are competing to survive and thrive in an increasingly volatile and fierce market environment. Organisational efficiency is an essential tool for the success of these organisations because it helps organisations in many ways. It facilitates comparisons across similar units and reveals variations in performance, thereby highlighting the factors necessary for improvement. Therefore, periodic appraisal of writings understanding that this review discusses operationalization and theorisation on the concept of organisational efficiency. In addition, the paper addresses the importance of the concept as well as attempts at predicting it before highlighting gaps in literature on the same.