Information Technology and Productivity: A Review of the Literature Erik Brynjolfsson Shinkyu Yang MIT Sloan School of Management Cambridge‚ Massachusetts Published in Advances in Computers‚ Academic Press‚ Vol. 43‚ pages 179-214‚ 1996. This research was sponsored by the MIT Center for Coordination Science‚ the MIT International Financial Services Research Center‚ and the Sloan Foundation. The paper is a revised and extended version of an article which originally appeared in the Communications
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that all rules and budgets should be followed‚ and no exceptions. Butterfield’s effort produced remarkable results. Productivity quickly exceeded standard by 7 percent‚ and within five months the plant was within budget. His record was so outstanding that he was promoted to the New York home office near the end of his second year. Within a month after he left‚ productivity in the Houston plant collapsed to 15 percent below standard‚ and the budget again was in trouble. Questions 1. Discuss
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Summary: - The following is the brief summary of the main findings from the Bloom & Van Reeenen’s consideration for impact of HRM on productivity:- • Increase productivity from incentives both individual & group bonuses. • Increase in productivity because workers are generally attracted to the organizations which offer high incentives. • More efficient when introduced with other complementary features within HRM practices such as team work ‚ group bonuses and firm characteristics such as ICT
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development £250‚000 Fixed selling costs £550‚000 Administration and other overheads £325‚000 Total fixed costs £1‚625‚000 Variable costs Variable cost per unit £8.00 Mark-Up Mark-up % required 35% Budgeted sale volumes (units) 500‚000 What should the selling price be on a full cost plus basis? The total costs of production can be calculated as follows: Total fixed costs £1‚625‚000 Total variable costs (£8.00 x 500‚000 units) £4‚000‚000 Total costs £5‚625‚000 Mark up required on
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Productivity in Research A production system involves constant and numerous decisions that greatly impact its performance. The company must need to develop certain methods to help engineers to make the best choices when designing or using production systems. Such systems range from simple machine on a production line to a complete logistic platform with many interacting industrial partners. It entails that optimization is playing a key role for specific elements of these systems. A company must
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10 steps to improve productivity By Roger Thomas of Methods Workshop Introduction The general level of efficiency in this country is around 35-45% this leaves great potential for improvement. Efficiency levels should be 75 -85%‚ and if achieved the industry will be impregnable. With a short span before China’s quotas are lifted real productivity improvements are essential! The 10 steps: 1. Management commitment. 2. Training and empowerment 3. Fabric saving 4. Work Study 5. Times and methods 6. Measuring
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Analyze‚ with the aid of a diagram‚ whether there is link between diminishing returns and economies of scale. (12) Variable factor is an input whose quantity can be changed in the time period consideration. Fixed factor is a production input factor that cannot change quantities during a certain time period. Short run is where at least one factor is fixed‚ usually capital. Long run is where all factors are variable Marginal product (MP) is the extra output from hiring an additional unit of
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the customer’s impression of a firm’s service‚ regardless of the ultimate quality of the goods and the speed of delivery. 2. Why should a service organization worry about being world class if it does not compete outside its own national border? What impact does the Internet have on this? As the environment changes‚ firms can find themselves faced with competition from outside their industry‚ or from outside their home country. Even if they do not‚ the principles of a world-class firm can be
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Employee ownership‚ motivation and productivity A research report for Employees Direct from Birkbeck and The Work Foundation By Jonathan Michie‚ Christine Oughton and Yvonne Bennion November 2002 Page 2 E M P LOY E E S D I R E C T R E P O R T N O V E M B E R 2 0 0 2 Contents About the authors/Acknowledgements Foreword‚ by Will Hutton Executive Summary 1. Introduction 2. Site visits and interviews 3. Follow-up surveys 4. Focus groups 5. Discussion and Conclusion References 3 4 5
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Monday‚ August 25‚ 2008 Effect of Motivation on Workers Productivity CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Motivation is concerned with why people do what they do. It answers such questions as why do managers or workers got o work and do a good job. This tries to explain what motivates people to act the way they do‚ with primary focus on the work place. It is the primary task of the manager to create and maintain an environment in which employees can work efficiently to realize
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