Because productivity tends to be a national issue, there's an ongoing debate about what role government should play. Clearly, government policies in areas such as interest rates, taxation, capital investment and tariffs have a major impact on produc...
Once the recruitment and hiring process begins, a whole host of laws and regulations comes into play. The most visible of these are mandates related to equal employment opportunities for minorities and those with disabilities.
Morale in the workplace depends primarily on the working conditions that management creates. In most cases, the deciding factor is whether management treats employees as valued resources, and tries to provide meaningful, satisfying work, or instead ...
Managerial practices exert a major influence on productivity. Managers who listen well and encourage employees to take ownership of their work and contribute their ideas often see employee productivity increase.
This clip explains that accurate record keeping is essential to the health and prosperity of any small business. Once the financial objectives of the business have been established, the accounting system allows the entrepreneur to evaluate the perfo...
One way to increase productivity is by improving technology. Another is through long-term investment. Research and development, capital improvements, and workforce training can all be extremely expensive and may not pay off for years. But they do ge...
Making sure values are aligned is important for both organizations and prospective employees. The success of The Four Seasons Hotels depends in part on the service they provide to guests. With that in mind, hotel managers look for potential employee...
Whether they manufacture a physical product or provide a service, all companies have similar needs for efficiency in operations. This applies to scheduling, inventory, organizing employees, quality and productivity. More and more companies are using...
Different leadership styles are effective in different situations. Often, an effective leader is someone who has a vision that seems to bring everything into focus, and is able to inspire other people to action.
An accurate measure of productivity can be a useful tool in defining problems and deciding where to direct resources and energy. There are many ways to calculate productivity, but almost all begin with a simple formula: productivity is output per un...