MCS 2020 Chapter Notes - Chapter 3: Gross Domestic Product, Value Chain, Workforce Productivity

• School: University of Guelph
• Department: Marketing and Consumer Studies
• Course: MCS 2020
• Professor: Nicole Mc Callum

Document Summary

Labour productivity is the ratio of the gross domestic product (gdp) of a country divided by the total paid hours worked by people in the country per hour. Labour productivity in canada measures the value that canadian workers generate. To enhance canada"s productivity, canada must foster a culture of innovation, open. It can alter the way corporations compete competition its industries to more competition, and increase the amount of machinery and equipment in the economy. Information technology (it) allows a company to create more and/or better output from the same inputs and create them faster than before the technology was in place. With increased competition, the reduction of costs associated with new processes is. It investment value is realized through benefits to the end customer. It helps make processes more efficient and changes the nature of competition often passed on to the final customer. What is business technology management (btm), and how is it related to productivity and.