Creating aliases without renaming

What are known as shortcuts in Windows environments are called aliases in Apple OS but, frankly, the process of creating them can be a pain. When you use the Make Alias menu item or Command-L shortcut in Finder, it creates the alias in the same folder and adds alias to the name. You then have to move it around and rename it. However you can create an alias while dragging it to another folder. You simply have to hold down Command-Option while dragging it. An arrow will appear showing you that you are indeed creating an alias and not moving the original file. This is faster not only because you will not have to subsequently move the alias but also, Finder does not add alias to the title so you do not have to rename it.