Question

Briefly discuss the concept of productivity. In what ways do management, government, unions, and employees affect productivity? Please conduct research to support your findings, citing at least one scholarly source in APA format.

Answer 1

Concept of Productivity

Productivity in simple terms can be defined as the relationship between the input factors (including material, labor and capital) and output or finished goods or services. This relationship provides how efficiently the inputs are used in order to achieve the desired output of an organization. A higher productivity can be ensured only when inputs are properly allocated and optimally utilized with minimum cost and the production is achieved with quality output and maximum profit.

Important Factors Affecting Productivity

• Management: Management of the organization is the most crucial factor that affects the productivity. Since all the important decisions are taken by the management they should be efficient enough in managing the activities of the organization. Only a skillful and competent management system can bring fruitful and productive output for a company.

• Government: Government also plays a vital role in affecting the productivity of an organization. A company should follow all the provisions and regulations laid by the government. This will result in effective relation between the government and the company which will directly impact the efficiency and productivity of the company.

• Unions: Trade unions play a very significant role in affecting productivity. Since labors or workers are very important factors in increasing productivity these unions are formed in order to protect their rights. If the union is satisfied with the management it will affect the productivity positively whereas if the management terms and conditions are not up to their wish they may oppose those terms (denying performing their jobs) and that will again affect the productivity in the negative way.

• Employees: Employees are very precious for every organization. The human resource management is the key for improving productivity. Thus, it becomes necessary that right men are selected for right jobs and their respective roles are clearly defined. A satisfied and engaged employee will perform in the most effective manner therefore employees should be motivated and rewarded well for their jobs. Efficient employees will ensure smooth flow of work and higher productivity.