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Understanding Productivity in Management

Productivity refers to the efficiency of a production system and is measured as the ratio of output to input. It is influenced by how well factors of production like land, capital, labor, and energy are utilized. Productivity guides management to efficiently use resources in a production system and is an indicator of the system's overall efficiency.

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9 views4 pages

Understanding Productivity in Management

Productivity refers to the efficiency of a production system and is measured as the ratio of output to input. It is influenced by how well factors of production like land, capital, labor, and energy are utilized. Productivity guides management to efficiently use resources in a production system and is an indicator of the system's overall efficiency.

Uploaded by

santhosh
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Module -2

Facility management
Productivity 

• Productivity is the quantitative relation


between what we produce and we use as a
resource to produce them, i.e., arithmetic
ratio of amount produced (output) to the
amount of resources (input).
• Productivity can be expressed as:
Productivity =Output/Input
• Productivity refers to the efficiency of the
production system.
• It is the concept that guides the management
of production system.
• It is an indicator to how well the factors of
production (land, capital, labor and energy)
are utilized.
Factors Influencing Productivity

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