Question

define productivity and explain the types of productivity. what are the factors affecting productivity?

Answer 1

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Productivity is a classic economic metric that measures the process of creating goods and services. Productivity is the ratio of the amount of output from a team or organization per unit of input. Conceptually productivity is a simple metric. In order to calculate the metric, you would simply sum up the number of units of item produced and divide it by the amount “stuff” needed to make those units.

The productivity ratio between the input output volume and the input volume is commonly defined. In other words, it calculates how effectively production inputs such as labor and capital in an economy are used to produce a certain amount of output. A measure of the effectiveness of a individual, machine, factory, system, etc. The average production divides productivity by the total cost or resources (capital, energy, material, staff) consumed during that time.

In fact, improved efficiency means the workers can produce goods faster or complete services faster than ever. The more goods that employees manufacture or sell, the more revenue the company gets, making improved efficiency a high priority for many business owners.

The four types are:

• The production ratio per person is labor productivity. Labor productivity tests labor effectiveness in turning anything into a higher-value commodity. The efficient utilization of the effort involved in writing and implementing the code is determined by labor productivity in software development terms.
• The ratio of production of capital (goods or services) to the input of physical resources is productivity of resources. Improved physical infrastructure (called deepening of infrastructure) typically results in higher outputs. In the production of software, physical capital involves the facilities, buildings or other elements such as computers needed for code creation and implementation.
• The ratio of production to material input (also called natural resources) is material productivité. Very few materials or natural resources are used in the production of software. The quality of materials plays a major role in the manufacturing of software packages such as an ATM.
• Complete productivity factor (TFP) is not a simple ratio of output and input, but instead a metric that collects anything not caught up in labor, capital or material productivity. Total factor efficiency factor variables include characteristics such as improvements in general understanding, use of unique organizational systems, management strategies, or scale rendering. The TFP elements are often the origins of software development efficiency improvements.

Factors affecting productivity

1. Technical factors : Productivity is largely technical dependent. The most important technological considerations are. Those include the right position, configuration and size of the equipment, the correct machine and system design, R&D, automation, etc. The company would have high efficiency if it uses the new technologies.
2. Production factors : Productivity is related to the factors of development. Production should be organized, coordinated, and managed properly by all departments. The right raw material standard should be used for manufacturing. It is important to simplify and standardize the production process. If all is well, efficiency will increase.
3. Organizational factor :In the corporate sense, efficiency is directly proportional. There should be a specific form of organization. Every person and department's authority and responsibilities should be well defined. Very clearly established would be the line and workers relationships. Differences between workers and line will also be avoided. The research and training should be separated as far as possible. It would increase the efficiency of the company.
4. Personnel factors : Organizational efficiency is specifically associated with workers variables. For relevant posts, the right person should be picked. They should be properly trained and established after selection. Good working conditions and a safe working climate should be given. They ought to be sufficiently motivated; financial, non-financial, and caused. It is worth implementing incentive pay policies. The protection of the job should be given too. Employees should give attention to views or suggestions. Change, recruitment and other hiring procedures should be fully enforced. All of this would increase the organization's profitability.
5. Finance factors :The financial factors depend on productivity. Finance is the modem business 'life-blood. Further oversight over both fixed and working capital should be exercised. Financial planning should be right. Capital expenditures should be managed properly. Capital use can be avoided both over and under. The management will ensure that the money that is invested in the company is properly returned. The efficiency of the company would improve if the finances are properly handled.
6. Management factors :Management considerations are the cornerstone of organizational success. Scientific, technical, future-oriented, serious and knowledgeable organizational management should be. Managers should be imagined, judged and willing to take risks. They will use the tools to achieve optimum efficiency in a cost-effective manner. They should use the recent techniques of production. Management considerations are the cornerstone of organizational success. Scientific, technical, future-oriented, serious and knowledgeable organizational management should be. Managers should be imagined, judged and willing to take risks. They will use the tools to achieve optimum efficiency in a cost-effective manner. You will use the new manufacturing techniques.
7. Government factors : Productivity depends on the factors of policy. The management should be mindful of the laws and regulations of the government. They should also maintain good government ties.
8. Location factors : Productivity depends also on location factors like the situation of law and order, facilities for utilities, proximity to the market, proximity to raw materials sources, professional staff, etc.

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