Productivity is a measure of the efficiency of production. Productivity is a ratio of production output to what is required to produce it (inputs). The measure of productivity is defined as a total output per one unit of a total input.
In order to obtain a measurable form of productivity, operationalization of the concept is necessary. In explaining and operationalizing, a set of production models are used. A production model is a numerical expression of the production process that is based on production data (i.e., measured data in the form of prices and quantities of inputs and outputs.
Theoretical and empirical studies have indicated that three main variables affect the productivity:
- Physical capital
- IT capital
- Human capital
Enhancing the Organization
Proper organization minimizes waste of time in an office search for papers. Think of the minutes and hours wasted by secretaries when browsing through endless spreadsheets in search of important customer data. That time could be used more productively if a time-sensitive database management system was utilized.
Technology Motivates You to Work
Sometimes you will struggle with a lack of productivity without necessarily understanding the underlying contributors to that unfortunate problem. Well, if that’s the case, a life coach can help you get clarity regarding what is bothering you and come up with the right solutions.
Effortless Focused Marketing
For a long time, entrepreneurs have struggled with marketing strategies that are not only generic and shallow but also expensive and time-consuming. If you have to book and compete for billboards, newspaper ad spaces, and TV commercials for your products to sell, then you end up wasting most of your productive hours on not-so-productive ventures.
Increased Employee Availability
Technology has made it possible for people to work from home or any other secure place. Provided there is an internet connection available. That increases productivity in the sense that most people are more comfortable working away from the watchful and sometimes threatening eyes of the boss. As a matter of fact, almost half of the American-based employees say that they are motivated to work more when they work at home.
Automated Customer Service
Of course, customer service plays a big role in the success of any business. It is the glue that holds a company and its customers for long-term, mutually beneficial relationships.
But for what it is worth, customer care can be a pain in the neck, especially for startup businesses. If you are a startup entrepreneur, then you probably double up as the CEO and customer care agent. That means having to deal with lengthy and frustrating phone calls on a constant basis. That leads to overwhelming, as sometimes you aren’t able to give the customers the best experience. Also, having to waste too much time answering calls eats up too much of the time. The time you could have used to address the production or distribution concerns that customers raise.