Buchanan also likes Costco, whose capital efficiency is so good that it can't be measured.
You're combining multiple products into single margin calculation in order to increase capital efficiency?
There really has been this massive revolution in how businesses are run in terms of the capital efficiency with getting a product launched.
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"The reason the broadband market is where it is, is because there has been zero capital efficiency over the past few years--everybody has tried to replicate everything, " Jenkins says.
It might take longer to gain mainstream awareness, but with the groundswell of social media and capital efficiency of building a company, media reach is no longer a gating item.
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He didn't offer too many details about the multi-month project, but says it will cover every aspect of the company, specifically citing capital efficiency, facilities, resourcing and all of the business units.
Penney looks good, improving its capital efficiency from 13.1 in the 12 months leading up to the January quarter to 16.1 in the period ending in April (see table "Other People's Money").
So what we try to do is find a way to maintain the high levels of risk management of a clearing house, but also provide capital efficiency to the people who are participating in the clearing house arrangement.
Penney (nyse: JCP - news - people ) looks good, improving its capital efficiency from 13.1 in the 12 months leading up to the January quarter to 16.1 in the period ending in April (see table "Other People's Money").
The dials on these three innovations are sensitive, but if set in a recurring circle -- with empowering innovations creating more jobs than efficiency innovations eliminate, and the capital that efficiency innovations liberate being invested back into empowering innovations -- the economy is a magnificent machine.
Growth based only on increased inputs of capital rather than on efficiency gains will eventually be subject to diminishing returns, so in developed economies, where the capital stock is already large, technological advances and efficiency gains are the keys.
But in any business struggling for energy and capital, energy efficiency is often the highest-return, lowest-risk investment available, limited less by technology or economics than by culture and imagination.
Efficiency innovations are liberating capital, but that capital is being reinvested into still more efficiency innovations.
Improved decision-making through alignment of overall risk appetite and business strategy, helping increase the efficiency of capital utilization.
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To adjust to the post-crisis financial environment, banks must adapt their capital management and capital planning programs not only to comply with regulations, but to improve the efficiency of their use of capital.
More debatable is whether it is good for the efficiency of the capital markets, and thus for the economy as a whole.
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Up to now, those scale economies of fuel efficiency and of capital cost in these large generating units have been so great as to be able to absorb the additional cost of transmission and distribution and still be lower than any competing form of electrical generation (except of course where plentiful hydroelectric generation could be built).
The stock exchanges in Shanghai and Shenzhen are mobilising capital and allocating it with an efficiency that China has never seen before.
Moreover, it would be instrumental in fostering the efficiency of the internal capital markets and market integration in retail and corporate banking (see Barba Navaretti et al. 2009).
For example, the Securities Exchange Act (1934) and the Investment Company Act (1940) require that regulators consider the likely impact of a proposed regulation on efficiency, competition and capital formation.
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Nor even the stunning efficiency with which the capital's airport taxi mafia manage to transport me to city center in vintage cars for only twice the fare that it costs in Bangkok.
Efficiency innovations also emancipate capital for other uses.
It does this by using the cost savings from energy efficiency to finance the capital outlays, allowing schools, hospitals, and the like to insulate or install solar panels while sticking to existing budgets, and often producing some savings.
In theory, such specialisation should increase the efficiency of the venture-capital process, as it does in other industries.
In order to reduce costs, increase efficiency, and allocate scare capital more judiciously, Vale has embarked on a program to sell a number of non-core assets.
It may have liked the idea of foreign capital and the enhanced economic growth and efficiency markets can deliver, but it was less partial to relinquishing control.
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Also hoping to lure foreign cash was Azman's colleague at AMC's sister entity Danamodal, which is tasked with injecting capital into Malaysian banks and pressing for efficiency-enhancing link-ups.
But MBf Finance apparently does not fulfill some of the other conditions of the central bank's CAMEL formula -- capital adequacy, asset quality, management efficiency, earnings performance and liquidity position.
We have ample capital oceans of capital that is being reinvested into efficiency innovation.
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