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.
PR - labor productivity, $ per employee per month;
EM - number of workers in production;
C - bank account;
S - costs of increasing PR