You may be highly competitive and competent, but for sure, your drive and motivation may not be as strong and determined if you do not have firm, realizable or practical goals in mind. Let such goals be your guidance as you strive to keep within the path to success. On top of all these, positive disposition surely would help. Otherwise, it is not a goal you are setting but an impossible and impractical dream, which could only be achievable by mere chances and luck. Being realistic makes up for practical and logical goal setting. Set time frames. If possible, deadlines should also be imposed. You know how your body does wonders when subjected to adrenaline rush. The workers followed the old routine of bringing in the materials in the first floor, doing the sub-assembly at the second floor and the final assembly at the top floor. Over the years, the machines assembled got bigger and bigger and they were difficult to bring down from the top floor. Somebody finally suggested reversing everything: bring the materials to the top floor, do the sub-assembly at the second floor and the final assembly in the first floor. Solow s theory, Kuznets empirical studies For the economists, Solow s neo-classical theory of economic growth, especially his analysis of steady states with constant rates of growth, provided conceptual clarity and sophistication. Kuznets, for his part, quantified the long sweep of historical experience of the United States and 13 other developed economies. Economics And Productivity As defined, physical productivity is the quantity of output produced by one unit of production input in a unit of time. In layman s terms, it could be an equipment which can produce 10 tons of output per hour. Economic productivity, on the other hand, is the value of output acquired from one unit of input. In the conducted studies, the other issues factored in included the size and age of the business, material inputs, capital stock, workers experience, and capacity utilization. Findings The studies were done to check the factors that determine labor productivity for a given period, the size of capital stocks needed for material use, the equipments, and the workplace practices.
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