In short, it is the measure of efficient utilization of the inputs in the conversion process.
Productivity= Output/Input
Input:
Material
Machine
Labour
Space
Expenses etc
Output:
Production Unit
Turnover
Service etc.
Productivity is an attitude of mind that strives for and achieves the habit for improvement, as well as the system and the set of practices that translate that attitude into action:
- In and by ourselves through constantly upgrading our knowledge, skill, discipline, individual effort and team work.
- In our work through better management, work methods, cost reduction, timeliness, better systems and better technology so as to achieve high quality products and services, a bigger market share and higher standard of living.
Formula, B=f (I,E) i.e behavior is a function of the individual and his environment.
This principle provides a corner stone to release untapped human potential.
This Lewin's model expands in case of the productivity.
The productivity P=f (I,G,E) i.e the productivity depends on the individual, the group and the environment.
To tap productivity, each must be understood and managed accordingly.
Take a tour to know more about productivity.
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