Boosting Company Profits: The Key to Unlocking Total Productivity Potential
Productivity in a company is all about how efficiently it uses resources like materials, manpower, and energy. There are different ways to measure productivity, either looking at individual parts of the organization or the company as a whole. By comparing the output to the input, companies can see how well they are doing. If profits go up, it means productivity is improving. Different methods can be used to measure productivity, like looking at activities or processes. The key is to find the right balance between input and output to predict how well a company is performing.