MGTA02H3 Chapter Notes - Chapter 2: Business Process Reengineering, Ishikawa Diagram, Kaoru Ishikawa
1
MGTA02H3 Full Course Notes
Verified Note
1 document
Document Summary
Labour productivity partial productivity ratio calculated by dividing gross domestic product by total number of workers. To calculate this: labour productivity of a country. = (gdp/total number of workers: 2005 stats canada report showed that foreign-controlled manufacturing plants in canada accounted for 2/3 of the growth in labour productivity during the period 1980- 1999 b/c canadian producers that had foreign units were just as productive as foreign-owned plants. Firms that compete internationally have more incentive to be more productive: productivity among global competitors, domestic productivity, read this paragraph. Productivity a measure of efficiency that compares how much is produced with the resources used to produce it. It measures how much is produced relative to the resources used to produce it. It considers both the amounts and the quality of what is produced using more resources more efficiently, the quantity of output will be greater. If the quality of the outputs is not satisfactory, the consumers will not purchase them.
