What should management focus on to ensure efficiency according to the principles?

The focus on speed and eagerness to succeed is critical in management because it emphasizes the importance of responsiveness and adaptability in a fast-paced business environment. When management prioritizes speed, they are more likely to improve decision-making processes and implement changes quickly, which can lead to greater efficiency across all operations. Eagerness to succeed reflects a proactive approach to challenges, motivating employees to work harder and innovate, which in turn can streamline processes and enhance productivity.

In contrast, while automation of processes can improve efficiency, it is often seen as a result of already having a fast and agile management system in place rather than a primary focus. Hiring more employees might seem beneficial for efficiency, but it can lead to increased costs and complexity without necessarily improving performance if not managed correctly. Increasing storage capacity may be necessary for operations but doesn't directly correlate with operational efficiency in terms of speed and responsiveness. Thus, prioritizing speed and eagerness creates a more dynamic environment conducive to achieving organizational goals effectively.