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Productivity is about how well an organisation converts resource inputs into goods or services. Workplace productivity is about how firms can utilise labour and skills, innovation, technology and organisational structure to improve the quantity and quality of their output. Basically it's about exploring all the ways that can make a working environment more efficient. Why is productivity important? • Basis for improvements in real incomes and economic well-being. • Monetary policy (inflationary pressures) • Fiscal policy (financing of health, education, welfare) • Slow productivity growth = conflicting demands for distribution of income more likely
Wiki User
∙ 16y ago
Wiki User
∙ 9y agoThere are many things that are important about production. Production provides the society or environment with what it needs to be happy or survive.
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What is the concept of communication and its importance to productivity?
How importance is the concept of communication to cooperate productivity
What is the importance of pay in relation to productivity?
i really don't know :P
What is the importance of privatization?
The importance of privatization can be seen in various aspects of the economy. There is improved efficiency which will translate to more productivity.
What is the importance of an employee to an organization?
the employer is help add value to the company by increasing productivity
What is the importance of the communication process?
The importance of communication process is seen in various aspects of business. One is able to communicate goals clearly which will help in improving on productivity.
What is the importance of effective teams?
Effective teams improve productivity and innovation. If you are on a team you must be a contributing member to be effective.
Importance of selection process in HRM?
it increases the level of productivity in an organization for the best applicant are chosen for the suitable job.
What is an example of productivity of language and what is its importance in the evolution of human culture?
An example of productivity of language is the ability to generate new words or expressions. This allows for the adaptation of language to new concepts, technologies, and social developments. The importance of productivity in language evolution lies in its role in communication, creativity, and cultural expression, enabling humans to convey complex ideas and build upon existing knowledge.
What is the importance of human resource to productivity?
Human resource is important to productivity because we need to put people with the right skill and knowledge to produce the volume that company set up to be more competitive with the other business competitors.
What is importance of office layout?
tell me what are the objectives of lay out? how should be office lay out/ how affect office lay out in productivity? and how office lay out it helps to increase? produvtivity? tell me about office lay out how it is affect office lay out in productivity
What is the importance of having laid down process?
efficiency and productivity depend on an effective procedure which can only exist on foundational laid down processes.
Importance of infrastructure?
Infrastructures are important because it has a direct impact to the society. These help in increasing the productivity of labors and raising the profitability, employment and income of an industry.
