This website uses cookies to ensure you have the best experience. Learn more

Economy Essay

695 words - 3 pages

Kushnerova Maria M-503

Managing for productivity


Managing for productivity is the same as effective management in every other context. Achieving consistent, high productivity involves every management function and the linking processes of communicating, decision making, and leading.
Productivity is the measure of how specified resources are managed to accomplish timely objectives stated in terms of quantity and quality.
Productivity-Oriented Mission and Objectives. An organization cannot be productive if it does not determine what its intended customers really need in relation to the outputs the organization is capable of producing. This means that the strategic planning ...view middle of the document...

Motivating for productivity. Was note that failure to take into account human response to change and technology and to develop the organization's human resources is a major reason for poor effectiveness and efficiency. There seems to be a relationship between quality, productivity and quality of work life.
Pay and Promotion. Fringe benefits and quality of worklife play an important role in building an organizational ambiance that favors productivity. However, the organization's traditional motivators - pay and promotion - are still the dominant influences on performance. For management to create sustained improvements in productivity, it may clearly tie pay and promotion to productivity rather than short-term output.
Controlling for productivity. Controlling plays a major role in productivity both directly by evaluating progress toward objectives and indirectly by influencing behavior. Objective productivity measurement, a function of the control process, is needed both to ensure that objectives are being met and to provide a fair basis for rewarding people for productivity improvements.
Communicating for productivity.
Informational Society .Communication productivity is as subject to the output fallacy as manufacturing. More information does not improve productivity — quality information does. Information is one of the key inputs of productivity. Making effective and efficient use of information is increasingly crucial to the overall productivity of...

Other Papers Like Economy

Market Economy Essay

961 words - 4 pages Market Economy Market economy has come to be accepted as a norm across the world with many developing countries like India and China moving towards a full-market oriented economy. But why is it better than a command economy? Market economy also known as free market is the capitalism type of economy, free market makes individuals the one to make the important decisions economically speaking, market economy makes people work harder than all

Switzerland Economy Essay

586 words - 3 pages Switzerland Economy The economy of Switzerland is one of the world’s most stable economies. Switzerland is a peaceful and modern market economy. Switzerland has low unemployment, a high skilled labor force and a per capita GDP among the highest in the world. Its policy of long term monetary security and political stability has made Switzerland’s a safe place for investors, creating an economy that is increasingly dependent on a steady tide for

Australia Economy

1004 words - 5 pages n EFiscal  policies  can  stabilize  Australia’s  economy   by  Leena  Palekar   The  role  of  a  government  is  to  stabilize  economy,  or  smooth  out   business  cycles,  as  economic  activity  in  a  market  economy  tends  to   fluctuate  considerably.   Economic  policy  tools  that  are  capable  of  influencing

Mixed Economy

597 words - 3 pages A mixed economy permits private participation in production, which in return allows healthy competition that can result in profit. It also contributes to public ownership in manufacturing, which can address social welfare needs. Private investment, freedom to buy, sell, and profit, combined with economic planning by the state, including significant regulations (e.g. wage or price controls), taxes, tariffs, and state-directed

Uae Economy

1537 words - 7 pages is an economic alliance of six countries bordering the Arab Gulf. Its law is based on Sharia but the UAE is one of the most liberalized countries in the GCC: others beliefs and religions are tolerated. The economy is heavily depending on oil wealth despite the government's efforts to diversify the sources of income. The population is mostly comprised of expatriates (88.52% of the total population in 2010 as per the National Bureau of Statistics

Australia's Economy

1210 words - 5 pages Australia's Economy Australia became a commonwealth of the British Empire in 1901. It was able to take advantage of its natural resources to rapidly develop its agricultural and manufacturing industries and to make a major contribution to the British effort in World Wars I and II. Now, Australia has a prosperous Western-style capitalist economy, with a per capita GDP at the level of the four dominant West European economies. Rich in

Mao Economy

1180 words - 5 pages To what extent was the Chinese economy modernised by the First Five Year Plan and the Great Leap Forward? 1952-1962 (30) The Chinese economy in the years 1952-1962 aimed to modernise according to communist ideals. During this period the economy modernised to a significant extent, however consequences followed which hindered the social welfare of China. Modernisation was devised through adopting Western policies in order to improve the use of

Index Economy

2323 words - 10 pages There are three sections to differ the economy system used between Angola and Switzerland which are: * Index of economy freedom * Gross National Income and Gross Domestic Product * DHL Global Competitiveness Index 2013-2014. 1. Index of economy freedom Angola According to the 2014 Index of Economy Freedom, Angola listed as 160th out of 178 countries that are under observation. With total score is 47.7, this nation has a

Macedonia's Economy

309 words - 2 pages independence and the Greek economy embargo over the flag and the constitutional name made Macedonia’s growth of output to hinder until 1996. Economic problems persist, even as Macedonia undertakes structural reforms to finish the transition to a market-oriented economy and as well to be the member of the EU. The output growth has risen by a small percentage and also inflation is higher too, the new laws in transportation (like higher ticket fines

World Economy

1107 words - 5 pages Joseph Grant MAN 372 GS Assignment 1 Q1: Describe the shifts in the world economy over the last 30 years. What are the implications of these shifts for international businesses based in Britain, North America, and Hong Kong? Over the last 30 years the integration of global markets along with the accessibility of international products and services has grown exponentially. The overall affect of this globalization has yet to be

Turkey's Economy

778 words - 4 pages home and office raids of his acquaintances. “The crisis has damaged Turkey’s already troubled economy (Arango, 2014)”. Countries have now looked at the government as somewhat untrustworthy and not capable of continuing current businesses. In February, citizens of the country protested and chanted for the government to resign. This only left the country in more turmoil and curious of whom would be elected in the upcoming March elections. By 45

Related Essays

Economy Essay

305 words - 2 pages Kenya has a very diverse economy but it has been traditionally based on agriculture. Over the years the economy of this country has changed with new ideas being out into action, new and profitable companies from abroad investing in Kenya, and new companies joining the stock exchange. The economy is divided up into three sectors that include the primary sector, secondary sector, and tertiary sector. All of these specific sectors have significant

Economy Essay

538 words - 3 pages not exist until recently.Leisure/human costs - GDP does not take into account leisure time, nor is consideration given to how hard people work to produce output.Underground economy - Barter and cash transactions that take place outside of recorded marketplaces are referred to as the underground economy and are not included in GDP statistics.Harmful Side Effects - Economic "bad", such as pollution, are not included in GDP statistics.Non-Market Production - Goods and services produced but not exchanged for money, known as "nonmarket production", are not measured, even though they have value.

Indian Economy Essay

816 words - 4 pages Indian Economy 2010 * * * 0 * Buzz up! ------------------------------------------------- Top of Form Bottom of Form Introduction To Indian Economy: Since the last two decades Indian economy is on a rise and has proved its mettle to the indian. India is one of the fastest growing economies and is often considered as one of the major super powers. India is an Asian nation with seventh largest land base and second

Mixed Economy Essay

1853 words - 8 pages Mixed Economy A mixed economy is an economic system that incorporates aspects of more than one economic system. This usually means an economy that contains both privately-owned and state-owned enterprises or that combines elements of capitalism and socialism, or a mix of market economy and planned economy characteristics. This system overcomes the disadvantages of both the market and planned economic systems. Features * Resources are owned