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High transaction costs hamper efforts to consolidate farmland and raise efficiencies, they say, leaving farms fragmented.
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And it would raise efficiency standards for appliances and buildings.
"That means either you raise efficiency or find other alternatives like a strategic partner".
The enduring economic lesson of the LBO era was that unleashing greed wasn't enough to raise efficiency.
It would also raise efficiency standards for buildings and appliances, and invest $190bn in energy-saving technology by 2025.
Separating generation from transmission and opening the door to new entrants would raise efficiency and reduce costs.
Mr. Hofbauer said a hybrid configuration, with two power modules assisted by a motor-generator, would raise efficiency an additional 10percentt.
Industry experts say the restructuring stems from increasing competitiveness, which is forcing companies to cut costs, raise efficiency and shore up profit margins.
One problem she often identifies is managing directors working on the factory floor rather than stepping back to think about how to raise efficiency and win new clients.
Experience of IT in other service industries suggests that it has plenty of potential to cut waste and raise efficiency in health care.
For its part, the government insists that its education overhaul is not just a cost-cutting exercise but also an attempt to raise efficiency and quality.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com