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" 'productivity" What Are You Upping?"
so you know that you have a problem with productivity and you do not address it till someone throws it in your face.
competition, good or bad? blame it on the workforce that you were supposed to be managing? are smaller well managed companies able to do it better? is it work ethic? are these reasons for the widening gap in society? education in the primary grades?( see the 4 year degree thread) |
Productivity can be defined in two basic ways. The most familiar, labor productivity, is simply output divided by the number of workers or, more often, by the number of hours worked. Output can be anything from tons of steel to airline miles flown, but more generally it is some very broad aggregate like gross domestic product. Measures of labor productivity, however, actually capture the contribution to output of other inputs than hours worked.
Total factor productivity, by contrast, captures the contribution to output of everything except labor and capital: innovation, managerial skill, organization, even luck. |
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