" Productivity has become the buzz word of business enterprise. " why? Define productivity. Mention the problems in measuring productivity of knowledge workers. what different types of productrities can be calculated and how?
Productivity is one of the major concerns of managers of today and will be more of a matter of concern for managers of tomorrow all over the world. Infact, Productivity of an enterprise and provides opportunities to an enterprise for remaining, competitive and successful in an era of global competition. As such Productivity has become the buzz word of business enterprise in the present day times. There is no general agreement an a universal meaning of the term Productivity. However it may be defined as the output input ratio, within a given time period and with due consideration for quality of performance. In terms of an equation Productivity can be expressed as follows: Productivity= Output Input (Within a given time period, with due consideration quality) Professor Peter F. Drucker defines productivity as that balance between all factors of production that will give the greatest output for the smallest effort. From the above discussion w