How can we improve productivity?

in hive-183209 •  4 years ago 

We can see some developing countries want to accelerate progress, which improves their productivity, how is that being done?

This developing country can improve its productivity by implementing one of the five strategies for improving productivity, which is "increase output and decrease input."

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Let's see an example:

By assuming that there is a factory or company, we will increase the amount of production and sales - outputs - while reducing the number of working hours, or workers, or by using modern technology - inputs -

And since what comes out of production for us will be greater than what is entered for it, we will find that the wheel of progress will be pushed forward quickly and in a not so great time.

On the other hand ... we have a recession period and we want to improve productivity taking into account the economic conditions and the recession period, what should we do?

We can also use one of the five strategies to improve productivity and this time we will be using the strategy of 'lack of output and lack of inputs more often'

Let's see an example:

By imposing the same company or factory, we will reduce or decrease production or sales, while reducing or decreasing the number of working hours or workers, but at a greater rate.

Here, the inputs will have decreased at a greater rate than the output deficiency, thus improving productivity during the depression.

There are three other strategies that can be used to improve overall productivity. These are:

Increased output and decreased input
In it, the quantity of production or sales is increased, while preserving the number of working hours or the number of workers.

The output increases at a greater rate than the input increases
We increase sales or production at a greater rate than we increase the number of hours worked or workers

Stability of outputs and lack of inputs
We maintain a constant volume of production or sales, with fewer working hours or workers

In the end, is there a strategy that you deem appropriate for developing countries, or periods of recession and economic crises?

Or is there a specific strategy that you see as applicable for improving productivity

Special thanks to
@greenman

Because your support for us is the key for me to continue developing and continuing forward

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