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How exactly productivity leads to profitability?

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 A company is really a group of individuals joined together by similar or common purpose.  Every individual has a specific job and a valuable final product to obtain.  The combined valuable products should add up to the company mission statement.

Each employee and executive is either doing his job and achieving his position’s valuable final product, or he isn’t.  This could be caused by a lack of training or by an unwillingness to do ones job.

Employee’s performance on their job can be measured by assigning a statistic that measures how well he is obtaining his valuable final product.

Statistics can be reviewed weekly or even daily to determine the employee’s productivity.  High productivity leads to profitability.

Determining the valuable final product for each position in the company and assigning the proper statistic to monitor productivity are of vital importance amongst the many tools a manager can use to increase profitability.

 

Renata McDonald

International Licensed Business Consultant

Hubbard Management Expert

http://mybusinessconsultants.net

 

 



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