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Productivity Measurement: Types & Application - Research Paper Example

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 This paper examines the concept of productivity. It begins by evaluating productivity and how it relates to businesses and organizations. It goes on to examine how productivity can be construed and viewed. The paper also discusses the measurement of productivity…
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Productivity Measurement: Types & Application
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Download file to see previous pages The definition of productivity is quite complicated (Bernolak, 2009 p3). This is because there is a high degree of uncertainty and subjectivity that relates to the concept. This is connected to the fact that most productivity measures relate to particular interests and ends that the people measuring it seeks to attain. This, therefore, lends the concept of 'productivity' to several possible definitions.  In spite of this challenge, several scholars and authorities have made the brave attempt to define the various components of productivity. Prokopenko states that productivity “... is the relationship between the output generated by a production or service system and the input provided to create the output” (2009 p3). This school of thought seems to equate productivity with efficiency. In other words, productivity is a factor of inputs compared with outputs. It is a ratio of the inputs that were put into a given production system against the output that was gained. Productivity, therefore, relates to how much ours of production yield in a specific case. Bernolak (2009) identifies that productivity relates to two main things: production and performance. This is very logical because productivity attempts to evaluate the performance or outcome of a given production process or activity.  In a normal business, productivity is about how much a given activity or revenue center generates. The most common example is about how much profits a given center or unit of an organization generations.   ...Download file to see next pagesRead More
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