2f9902.Productivity Concepts

2f9902.Productivity Concepts - Productivity...

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Productivity Concepts.. continued A little different way of looking at Productivity…. What is productivity? Essentially, productivity is a ratio to measure how well an organization (or individual, industry, country) converts input resources (labor, materials, machines etc.) into goods and services. This is usually expressed in ratios of inputs to outputs. That is (input) cost per (output) good / service. It is not on its own a measure of how efficient the conversion process is. The successful management of this process is ultimately the key to survival of any organization. It should be the concern of and a development goal for all organizational members, irrespective of their position. INPUTS OUTPUTS People Machines/Equipment Tools Materials Goods Land and Buildings and Methods/Systems Services Energy Money
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