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. I N P U T S O U T P U T S P e o p l e Machines/Equipment Tools Materials Goods Land and Buildings and Methods/Systems Services Energy Money
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The Productivity Conceptual Model below, takes the form of a 'productivity tree'. The roots denote the inputs to the system, the trunk the conversion process and the foliage and fruits the systems outputs.
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Productivity- different meanings Productivity is the result or the sum of all efforts that it takes to deliver a product or service. Productivity is frequently referred to as output and, to some degree, can be measured. The output generated by a person, organization, or other entity is measured in terms of (the number of) units or items produced and services performed within a specified time frame. Thus, productivity is the economic value of goods and services. It becomes the value or result of the "price" of a product or service minus all "costs" (supplies, materials, human labor, etc., which frequently are monetary) that go into the effort. Productivity-a Positive State of Mind Tomorrow will be better than today. The day after tomorrow will be better than tomorrow. Be the best you can be. Productivity Improvement-meaning of Improvement of Quality, Cost and Delivery. Improvement of Quality of Work Life. PRODUCTIVITY- Different perceptions Productivity is, above all, an attitude of mind. It is an attitude of mind that seeks the improvement or continuous betterment of what exists. It is a conviction that one can do better today than yesterday, and that tomorrow shall be better than today. Further, it is an everlasting effort that adopts economic activities to ever-changing
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This note was uploaded on 07/29/2010 for the course ACCOUNTS 2332 taught by Professor Piyush during the Fall '10 term at Amity University.

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2f9902.Productivity Concepts - Productivity...

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