This article throws light upon the top six methods for enhancing productivity growth. The methods are: 1. Stimulating Research and Development 2. Placing more Emphasis on Manufacturing 3. Changing Incentives for Making 4. Increasing Labour-Management Co-Operation 5. Tightening Existing Controls 6. Change in Government Policies. Method # 1. Stimulating Research and Development: Almost everyone agrees that an economy as a [...]
After reading this essay you will learn about:- 1. Meaning of Productivity 2. Importance of Productivity 3. Factors 4. Measures to Increase Productivity 5. Measurement 6. Main Contributors to Productivity Improvement 7. Management Tools 8. Techniques to Improve Productivity 9. Benefits from Increased Productivity. Essay on the Meaning of Productivity: 'Productivity' is nothing but the reduction in wastage of resources. [...]
Some of the important factors influencing industrial productivity are : (i) Technological Development (ii) Quality of Human Resources (iii) Availability of Finance (iv) Managerial Talent (v) Government Policy (vi) Natural Factors! The factors affecting industrial productivity are inter-related and interdependent and it is a difficult task to evaluate the influence of each individual factor on the overall productivity of industrial [...]