Productivity and profitsQuestion What role does productivity play in profits?
Answer Productivity is vital to profits. It represents the throughput rate and efficiency with which your business performs its tasks.
The greater the productivity of your resources (people/equipment/process) the lower the cost of performance and the greater the profit opportunity. To increase productivity, identify any impediments to productivity -- large or small -- and eliminate them. Search again for “bottle-neck.”
Brain Trust contributor:
Author of Instant Profits: Making Your Business Pay
Related Categories: Management, Quality Process
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