In business, productivity refers to how efficiently factors of production, or resources, are converted into outputs such as products like goods or services.
Posts tagged as “productivity”
Productivity is a relative measure of how efficiently the inputs are changed into output - the ratio of outputs to inputs in a production process.
Efficiency means productivity. It is about the management of resources, using machinery, making people work harder, processes and people altogether.
Spending on training and education is always regarded as important investment in the business organization’s most valuable asset - people.