Business Studies, asked by pawanpars5279, 1 year ago

List various factors affecting productivity with operations management system showing all elements

Answers

Answered by little13
0
Productivity is one of the most renowned concepts within the field of business administration. Because of that a lot of the management strategies are designed attending the factors that affect it. Nevertheless, it could be difficult to identify them all because of the diversity of circumstances they come from. Following this direction, it’s very useful to present a clear and general model to help us classify and Identify them.

As it name suggests, productivity obeys to production, but always referred to efficiency. From a wide point of view, increasing the productivity means the capacity of producing more with the same use (and consumption) of resources. That’s to say to be able to produce the same at lower cost, investing the same in materials, labour force, time, and so on.

For example, one of the key factors affecting the productivity and usually understood as the most determinant of all is the application of new production technologies, brand new and more efficient machines. But there are many other factors as important as technology.

Similar questions