Textbook Notes (362,929)
Canada (158,105)
MGTA02H3 (361)
Chapter 12

Management II Chapter 12

3 Pages
Unlock Document

University of Toronto Scarborough
Management (MGT)
Chris Bovaird

Chapter 12 Increasing Productivity and QualityThe ProductivityQuality Connectionproductivity a measure of efficiency that compares how much is produced with the resources used to produce itthe more we are able to produce the right things while using fewer resources the more productivity grows and everyone benefits businesses workers economyQuality a productss fitness for sue in terms of offering the features that customers want when one country is more productive that another it will accumulate more wealth productivity going down standard of living going down quality is defined in terms of value to a customer so companies should have more customeroriented focus quality improvement involves customers quality productivity and profitsLabour Productivity partial productivity ratio calculated by dividing gross domestic product by total number of workersmeasure productivitydivides output by the labour aspect of resources instead of capital or energy because records of employment and hours worked are accurate and easy to access Canadas productivity fell 04 from 2002 to 2003Organization for Economic Cooperation and Development OECD reports productivity levels in 23 countries differences in productivity among countries can be credited to human skills economic policies natural resources traditions domestic productivity is important because its improvement means a wealthier population GDPlevel of productivity the dollar value of goods and services produced by each worker highest levels of productivity US 65 900 Belgium 64 200 Italy 61 700currently manufacturing productivity his higher than service productivityIndustry productivity agriculture is more productive in Canada than other countries because of technology Canfor Corp created the system Genus to determine logging plans that reflect demand and government policies this increases productivityCompany Productivity high productivity means lower costs thus increasing profits higher wages andor without raising prices
More Less

Related notes for MGTA02H3

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.