WORKERS WELFARE AND PRODUCTIVITY IMPROVEMENT: A COMPARATIVE ANALYSIS BY UZOIGWE NNAMDI C. INTRODUCTION: The aim of this is paper is to provide the relationship between productivity and employee welfare in any business organization. It is a known fact that human resource is one of the most important resource that have to be managed appropriately if productivity have to be achieved and improved upon. Infact‚ organizations do not need to search for opportunities for productivity improvement anywhere
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Introduction Productivity. The term productivity means‚ “the state or quality of being productive” which basically means how fast an product or how good a product can be made in a certain period of time. The efficiency of production will easy affect the company profit as the output that is given by the company needs to match its sales. Productivity is the main factor that affects the performance of the company because more productivity means more income and also it will increase the power of purchase
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A) List and explain the three reasons Adam Smith said productivity increases with specialization. Who was Adam Smith? a. Adam Smith is writer. He wrote a book titled “An Inquiry into the Nature and Causes of the Wealth of Nations.”+ b. Three Reasons i) Repetition • The more times that an employee performs a task‚ the more capable the employee are at the task. ii) Continuity • A specialized employee doesn’t spend time exchange from one task to another. iii) Innovation • A specialized employee
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knowledge because the research presented on exploring the economic effect of beauty‚ as stated in the article‚ has received almost no attention from economists. This research and its conclusions can be used by employees and employers to maximize productivity on the supply and demand side of the labor market. Real world experiences can be directly related to the findings in this article
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How Leadership Styles Affect Productivity By E. Brown There are 4 primary leadership styles‚ many of which you can find within most businesses or organizations around the world. These styles are: Dictatorial‚ Authoritative‚ Consultative‚ and Participative. Each of the leadership styles have impact on reforming and/or creating company culture. There are short and long-term affects of each style. For instance‚ the authoritative style may produce great results in a short amount of time. However‚ excessive
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Low Agricultural Productivity Keeping Batticaloa Poor In considering issues of poverty in Sri Lanka‚ Batticaloa is conspicuous as a district that requires particular attention. In addition to being identified as the country’s poorest district in 2009/10‚ it is also one of two districts for which poverty statistics actually increased between 2006/07 and 2009/10.1 According to the latest Household Income and Expenditure Survey (HIES) 2009/10 of the Department of Census and Statistics‚ the poverty
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Chapter 11 Knowledge Worker Productivity and The Practice of Self-Management By Jeremy Hunter‚ Ph.D.‚ with J. Scott Scherer More and more people in the workforce—and mostly knowledge workers—will have to manage themselves. —Peter F. Drucker‚ Management Challenges for the 21st Century Toward the end of his life‚ Peter Drucker asserted that making knowledge workers productive was “the biggest of the 21st century management challenges.”1 Other scholars support Drucker’s position. Tom Davenport‚ a
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11/28/12 MKT 350 Section 002 Business Article I: Can going green improve business productivity? This article provides a great example of the concept of “Green Marketing” A concept we discussed in class‚ it talks about how going green and by marketing the green concept‚ you can improve the overall state of your business. As the economy and the world are slowly changing the one thing that is becoming more and more evident is the growing concern of the environment. Specifically more and more businesses
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| Innovation‚ Adapt to change and Productivity interrelationship in Telecommunications Industry. | Article Summary | for Economic Analysis(ECO740) | | | Prepared by: 2011113021 MOHD RIZAM BAKAR Prepared for: ASSOC. PROF. DR. AZIZ SULAIMAN Introduction The Telecommunications industry is currently undergoing changes due to globalization and new technological developments. Links between technologies within the technological system will change over time and affect
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In organization Synergy becomes very important. Take an organization of your choice and bring out the importance of Synergy in making the organization more productive. Synergy means that the whole is greater than the sum of its parts. In organizational terms‚ synergy means that as separate departments within an organization cooperate and interact‚ they become more productive than if each were to act in segregation. The concept of synergy is resulting from the systems approach in which the management
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