Productivity…What is it? Productivity is defined as outputs divided by inputs. Measuring the productivity of an organization is done the same way. For example, the productivity of a business is defined as sales divided by expense, or revenue divided by costs. It is this equation that led Gary Hamel to coin the term, “denominator manager.”...
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There are multiple parties with a stake in the success of any organization. Businesses, for example, all have at least these five: customers, employees, owners, vendors, and the various communities to which they belong. Now, allow me to put forth a principle: When an organization (a government, a business, a union, a charity, a religion,...
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