MGTA02H3 Chapter Notes - Chapter 7: More With Less, Workforce Productivity, Total Quality Management
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MGTA02H3 Full Course Notes
Chapter 7 productivity: doing more with less. Productivity: a ratio which measures how much gets achieved relative to the inputs that are used to achieve it. A ratio which measures how much gets achieved relative to the inputs that are used to achieve it. Economic productivity: a measure of productivity that uses dollar value as the measure of output. Prosperity is not the result of working long hours. The organisation of economic cooperation and development (oecd) is a multi-national think-thank and research organisation with 34 member countries. The oecd collects and distributes research and data on the wealth creation, economic development and productivity of its members. Labour productivity: a measure of the productivity of a country"s labour force which divides gdp by the total number of hours worked. In 2014 workers produced goods/services worth . 7/ hour. Conclusion: canadians are rich, but we could be richer.