Question

what does it mean by productivity in business. How does it relate to a student and a manager? How a person can be good a accomplishing the tasks and as a student what you need to be successful in your studies and your job.

Answer 1

Productivity is nothing but the effectiveness of any activity. Productivity is measured as the ratio of output generated to the input given to any activity.

For a student, it productivity can be measured based on the Mark's scored to the number of teaching hours given to the student. If the students have attended less classes and scored good marks, it means that productivity is improved.

As a manager productivity is measured as the ratio of output generated in terms of profits, shares, company brand image etc to the input given such as human resources, technological support, compensation and other benefits to employees and other resources in any projects. If the manager achieves good profits or revenue with less input it is said as higher productivity.

Let us understand how person can be good accomplishing the tasks.

• Person can accomplishing tasks through best and quick ways in order to reduce the time and cost thus it improves the productivity.
• Person can utilize the present technology in order to accomplish the task without any major error or defects.
• Person can accomplish the task through proper trainings.

Let us know as a student what we need to be successful in our studies and jobs.

• Students should understand the concepts of the course very well, because that will directly help out during the exams as well as practical areas such as jobs.
• Students need to understand the concepts of time and motion theory in order to reduce the time and cost in the process, thus as students one can enhance the productivity during his studies as well as in his job. This ultimately help you in getting better opportunities.
• Good financial support is very much needed in order to join the good universities and thereby get good jobs in future in order to become successful.