A general concept on the definition of the second law efficiencies of thermodynamic cycles is introduced. The efficiency is defined to be proportional to the entropy generation divided by the maximum possible entropy generation. This way of definition of the cycle efficiency is clear and concise and, moreover, follows faithfully the concept of the second law of thermodynamics. This definition is applied to heat engine, refrigerator and heat pump. The second law efficiencies of heat engine and refrigeration cycles are derived, which are the same as the existing ones, respectively. The second law efficiency of heat pump, however, finds to be different from the existing one. Discussion is given about the difference and its cause.