External elements may cause an increase or decrease in productivity Precise

External elements may cause an increase or decrease

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External elements may cause an increase or decrease in productivity Precise units of measure may be lacking Key Variables for improved Labor Productivity Basic education appropriate for the labor force Diet of the labor force Social overhead that makes labor available Challenge is in maintaining and enhancing skills in the midst of rapidly changing technology and knowledge Management Ensures labor and capital are effectively used to increase productivity Use of knowledge Application of technologies Knowledge societies Labor has migrated from manual work to technical and information-processing
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tasks More effective use of technology, knowledge, and capital Productivity in the Service Sector Productivity improvement in services is difficult because: Typically labor intensive Frequently focused on unique individual attributes or desires Often an intellectual task performed by professionals Often difficult to mechanize and automate Often difficult to evaluate for quality
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  • Spring '08
  • levi
  • Management, Multifactor productivity

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