THE CONCEPT OF PRODUCTIVITY PRODUCTIVITY ? What is it? ? Why do we need it? ? How do we measure it? ? How do we improve it? ? How do we implement it RESOURCES OF AN ORGANIZATION
?
Whether Public or Private;The resources that are available to them
are: ? Land & Buildings ? Materials ? Plant, Machines & Equipment ? Energy ? People ? Money ACCORDING TO MICHAEL PORTER ? “…The wealthy nations they are the productive nations…” ? “…Productivity makes you wealthy, it allows you to support high wages, it allows you to support high returns on capital…” ? Michael Porter DEFINITION OF PRODUCTIVITY ? Very simply,
?
Productivity = Output
Input For any type of organization ? EXAMPLES OF OUTPUTLength of an output ? Distance travelled ? Number of pieces produced ? Weight of production ? Volume of output ? Value of output ? No. of documents processed
? Time taken to carry out a job WHY PRODUCTIVITY IS IMPORTANT TYPES OF PRODUCTIVITY MEASURES ? Single Factor productivity ? Multi Factor Productivity ? Total Factor Productivity SO LET US FOCUS OUR BUSINESSES STRATEGICALLY TO IMPROVE PRODUCTIVITY FOR THE BETTERMENT OF THE MANKIND !
doc_915527647.doc
?
Whether Public or Private;The resources that are available to them
are: ? Land & Buildings ? Materials ? Plant, Machines & Equipment ? Energy ? People ? Money ACCORDING TO MICHAEL PORTER ? “…The wealthy nations they are the productive nations…” ? “…Productivity makes you wealthy, it allows you to support high wages, it allows you to support high returns on capital…” ? Michael Porter DEFINITION OF PRODUCTIVITY ? Very simply,
?
Productivity = Output
Input For any type of organization ? EXAMPLES OF OUTPUTLength of an output ? Distance travelled ? Number of pieces produced ? Weight of production ? Volume of output ? Value of output ? No. of documents processed
? Time taken to carry out a job WHY PRODUCTIVITY IS IMPORTANT TYPES OF PRODUCTIVITY MEASURES ? Single Factor productivity ? Multi Factor Productivity ? Total Factor Productivity SO LET US FOCUS OUR BUSINESSES STRATEGICALLY TO IMPROVE PRODUCTIVITY FOR THE BETTERMENT OF THE MANKIND !
doc_915527647.doc