Meaning ● Efficiency Gains, within the context of Small and Medium-sized Businesses (SMBs), represent the quantifiable improvements in operational productivity and resource utilization realized through strategic initiatives such as automation and process optimization. ● It reflects a boost to output without a proportional increase in input, thereby lowering costs and increasing profitability. ● For an SMB, such improvements can be fundamental to scaling operations and improving market position, often gained by the effective implementation of technology solutions, enhanced workflows, and streamlined resource allocation.
