VARIANTS OF PRODUCTIVITY
SHARING THE KNOWLEDGE OF IMPORTANT CREDENTIALS WHICH BOOSTS THE PRODUCTIVITY WITH ITS VARIANTS:
PRODUCTIVITY defines that it is the rate of output that creates an input of an unit, it is used to measure that how much can be get from an hour worked or a dollar of an investment.
The following major factors that improve the trends of Productivity were as follows:
1. AUTOMATION: Automating the labor intensive tasks to improve costs, speed & quality, it also reduces the risk related to human errors.
2. BEST PRACTICES: In following the rules of best practices that are used to direct the flow of processes, validate information or make decisions. Tools such as “business rules management platforms” may allow business users to configure rules directly. This allows to changes to be made on the fly without need for heavy weight development& change management processes.
3. COMPETITION: It is widely viewed as the root of economic productivity & in other words if a firm or an employee has no competition, then it will reflect less incentive to be productive. On the other hand, in some cases employees are inspired by their work & can be highly productive without even pushed by competitive forces.
4. GOOD CULTURE: A “corporate culture” has had a deeper strong impact on productivity by having examples of values, habits & norms such as an openly sharing information by treating each other with respect, typically improves an employee work output.
5. EFFICIENCY: In eliminating the in-efficiencies of the processes, best practices & good cultured work habits were all the common sources of productivity gains. Actually efficiency is an output of something in comparison to its maximum potential & it is originally the opposite of waste. Calculating efficiency requires a measurement of maximum potential; it is used describe as highly measurable processes & machines. The work of employees is described by a similar term as “productivity”.
6. FAIL WELL: It is the design of activities so that if they should fail, they fail quickly, cheaply & safely.
7. ENVIRONMENT: Offices & other work spaces that are healthy, safe and aesthetically pleasing with stimulations of social environments, quiet spaces may play a role productivity.
8. FLOW: It is a state of uninterrupted mental concentration that is considered important to “knowledge of work”. Flow is an opposite of multi-tasking or an attempt to quickly bounce from one thing to the next, such as developing code, talking on the phone and watching a movie at the same time.
9. INNOVATION: It is an innovation of creating something new that has value & it is often used to find labour saving techniques, devices that boosts productivity.
10. KNOWLEDGE: It is information created by humans which includes diverse information that ranges from visualization and tacit abilities which cannot be easily transferred from one person to other.
11. PRIORITIZATION: It is the ranking of things according to one firm’s goals & anything that demands time or resources can be prioritized including strategies, projects, tasks, investments and customers. Prioritization is a basic business technique that is a fundamental “basis for decision making”.
12. QUALITY: Focusing on quality will boosts the value of work & may help to avoid time consuming future problems. For example, each hour spent improving product quality may save ten hours of customer complaints.
13. RE-USING: Re-using of materials, equipments & knowledge contributes to efficiency. It is the repeated use of something to extend its value and reduce an environmental impact which includes durable items that can be used many times, reusing inter-changeable parts & creative re-use that finds a new purpose for things.
14. RISK MANAGEMENT: It is having an impact on productivity in areas such as strategy & project management. A failed strategy or project can set back the productivity of an entire organization.
15. SHARING: Sharing information & resources such as technology between groups or teams. It is surprisingly common for teams to reproduce a product/document or a technology that already exists within an organization.
16. SKILLS: Skills were of so many kinds of category orientation in which few of business skills are: leadership, motivating, influencing, decision making, problem solving, planning and supervision etc.
17. SPECIALIZATION: Clear roles & responsibilities that give highly specific duties to divide individuals are considered to be an element of productivity followed in organizations or industries.
18. STRATEGY: A strategy is a plan of action to achieve an objective or goal, Strategies may consider a wide range of strengths, opportunities, threat & weaknesses based on capabilities, position, competition, customers and broad factors such as economics/technology.
19. TACTICS: A tactic is an immediate strategy designed to respond to fast changing realities & is common aspect of business/life in general that involves in seizing opportunities & managing risks as they rise.
20. TECHNOLOGY: Technology tool that get done work quicker, better or with less risk which includes information support for knowledge work such as decision making.
SUNDARAMURTHY VELMURUGAN, Leather Professional Consultant from PONDICHERRY.
a2z Leather Professional Consultancy, [email protected] & [email protected]
Whatsapp: +91 8973231705 & +91 9489487965
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