Principles of Management
ABSTRACT
Managers Approach to Effective Productivity
The purpose of this paper is to explain the relationship between management and productivity. Research confirms that productivity is linked with time management and performance. They are essential traits in management. This paper first defines productivity and discusses how important it is in order keep up with customer demand. Then, it points out some key studies and results on quality, productivity, cost and profitability; which are presented and discussed. Finally, an area of vital importance that affects future performance and productivity is technology and how the last 20 years have been impacted by this development. This paper provides evidence to address the question: what is the manager’s approach to effective productivity and how do the variables mentioned above affect productivity?
Table of Contents
Page No. Subject
04 Introducing Productivity
04 Management Resources
05 Performance
06 Time Management
07 Profitability and Quality
08 Employee Satisfaction
08 Technology
09 Conclusion
Managers Approach to Effective Productivity
What does productivity mean and what factors affect productivity? In today’s vast growing world, manager’s measure productivity in terms of the relationship between a given amount of output and the amount of input needed to produce it. In order to keep up with the demand of consumers and produce the company’s product in an effective and cost efficient matter without the lack of quality, managers must perform a juggling act. There are many productivity factors the company can manage. How well does the company utilize new knowledge; is it working at an economy-of-scale level; are the employees highly motivated and loyal or is there labor
Cited: Nick Bloom, Stephen Dorgan, John Dowdy and John Van Reenen. 2007. CliffsNotes.com. Productivity and Quality. 2013. Adrienne F. Manson. 2010. Karen Lawson. 2009. Sara Higley. 2008. Rahul Thadani. 2011.