HomeHelpContact usBack

Modules Open College - e-Learning Content Library
 
Productivity growth
 
One of the main characteristics of any production process is a concept referred to as labor productivity (also known as work efficiency) - PR. It is that level of labor productivity that provides the company with competitive advantage and development opportunities. PR can be promoted or increased by using four strategies:

- improving staff skills

- developing new technologies

- financial stimulation

- personal encouragement

Personal encouragement is sometimes the most effective of all instruments. However, the more time a manager spends raising the staff's spirits, the greater is the probability of shortcomings in other areas of company affairs.

Experiment with three managerial decision-making parameters to arrive at the maximal revenue C by the end of the year.

LABELS:

PR - labor productivity, $ per employee per month;

EM - number of workers in production;

C - bank account;

S - costs of increasing PR

 
© OpenTeach Software, 2007