GMS 401 Lecture Notes - Lecture 1: Smart-1, Total Factor Productivity, Westjet

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 401
• Professor: Omid Jadidi

Document Summary

Gms 401 - lecture 1 // (week 1) Gms 401 - lecture 2 // (week 2) Essential in flying and maintenance operations, where the emphasis is on safety. Employee motivation and training in all phases of operations. Competitive advantage (ie. apple, walmart, loblaws, mcdonald"s, westjet) Getting from point a to point b is a vision. The bulk of this is a mission in its entirety. The specific methods and actions taken to accomplish strategies. Mission and vision of westjet as an example in class. Single-factor productivity // output divided by single input. Multifactor productivity // output divided by multiple inputs. Total productivity // output divided by total inputs. Determine the productivity for these cases: 4 workers installed 720 square yards of carpeting in 8 hours. Square root 90 = 22. 5 yards/hr b) 70/2 = 35 2 pieces unusable = 34/hr. Output divided by all inputs together and they should have the same units ($)