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βοΈ The Law of Diminishing Returns reminds us that: Adding more resources (time, workforce, or capital) doesn't always lead to increased output, and sometimes it may even reduce productivity. π«π
π What does this law say?
When we continuously add resources to a fixed process (like a team or a project), productivity increases up to a certain point. However, after that point, each additional unit of input yields smaller returns, and eventually, performance may even decline.
π Practical Examples
1οΈβ£ Project Management: Adding more team members to an ongoing project increases efficiency only up to a point. Beyond that, communication gets complicated, and progress slows down. π οΈπ₯
2οΈβ£ Product Manufacturing: Adding more fertilizer to farmland increases crop yield initially, but after a certain point, excess fertilizer can harm the crops. πΎπ
3οΈβ£ Personal Learning: Studying without breaks may be productive at first, but over time, focus and retention decrease, leading tβ¦ 0 reply
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