competitiveness, strategy and productivity part 2 old ppt

competitiveness, strategy and productivity part 2 old ppt -...

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Productivity (Part 2) MGT 3360 revised 01/06/11 ©Christine M. Wright, University Central Missouri
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Productivity “The ratio of outputs (goods and services) divided by the inputs (resources, such as labor and capital)” Operations Management 6 th “ A measure of the effective use of resources” Operations Management 7 th Ed. Stevenson p. 51
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Why is productivity important to you? Productivity affects prices (how?) “Only through increases in productivity can the standard of living improve.” Operations Management 6 th Countries with higher productivity will have lower priced goods (or higher profit margins). This often affects balance of trade which is directly linked to our country’s economic status as well as our own. Additionally, companies with higher productivity are more competitive in the marketplace (job security)
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How can we change productivity? Improve quality
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This note was uploaded on 04/11/2011 for the course ECON 3200 taught by Professor Azevedo during the Spring '11 term at UCM.

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competitiveness, strategy and productivity part 2 old ppt -...

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