Explain the difference between production and productivity?

Q: Describe an ethical dilemma faced at work as a part-time retail worker. Indicate what was done (or…

A: An ethical dilemma is a situation in which an individual is faced with a choice between two or more…

Q: Explain on how a company can gain competitive advantage by having higher productivity than its…

A: Competitive Advantage  Competitive advantage refers to the aspects that permit an organization to…

Q: How do outputs change when inputs change?

A: Productivity depicts different proportions of the productivity of creation. Regularly, a…

Q: How can a company gain a competitive advantage by having higher productivity than its competitors…

A: A competitive advantage may be gained through offering the consumer a greater value as compared to…

Q: m of a person influence his/her job s

A: The collective ideas of what is good, desirable, and appropriate in culture are described as values…

Q: How should resources be best distributed to meet consumer needs?

A: The efficient distribution of resources is critical to meet consumer needs and maintain the…

Q: Reflect on how higher productivity can lead to improved competitiveness

A: Higher productivity can lead to improved competitiveness in the following ways -

Q: How does age affect productivity?

A: Productivity refers to the measure of the output per unit as compared to the input. Productivity can…

Q: What is the formula of total factor productivity?

A: Total Factor Productivity (TFP) is the percentage of the economy's production (real GDP) to its…

Q: Explain the diff erence between production and productivity

A: Production and productivity are the two terms often used in the business operations of a firm. Be it…

Q: Explain the sources of competitive advantage for organizations?

A: Competitive advantage is the advantage received by producing the products and services better and…

Q: n order to meet the needs of the consumer, how should the resources be utilised?

A: The market is the place where marketers and consumers interact. Generally, marketers understand…

Q: What would the inputs and outputs be for your business.

A: Operations management is about delivering products and services to customers on time.  This means…

Q: Can you identify any areas where the business may face potential challenges or risks ?

A: There are several challenges and problems that a business has to face due to changing business…

Q: How does productivity growth affect the economy?

A: Productivity growth is when the value of outputs produced is greater than the value of all the…

Q: Explain the term Downsizing?

A: Human resource management: It means the management of human resources in the organization. It tries…

Q: what is a productivity indicator

A: Productivity is regularly characterized as a proportion between the yield volume and the volume of…

Q: Explain Ergonomics?

A: Ergonomics is a scientific field that analyses how humans interact with other system elements, as…

Q: READING WHY PRODUCTIVITY MATTERS It is sometimes easy to overlook the importance of productivity.…

A: Productivity refers to the increase in the output without increasing the inputs by either increasing…

Q: How can the single factor productivity be calculated/

A: You can measure employee productivity with the labor productivity equation: total output / total…

Q: Critically review the theories of competitive advantage and evaluate their relevance to management.

A: Competitive advantage is what makes a company unique and superior in comparison with other companies…

Overall Equipment Effectiveness

Overall equipment effectiveness or OEE as it is known can be defined as a widely standard to measure manufacturing productivity. In other words, it can also be defined as the exact percentage of time which is productive. If the score of overall equipment effectiveness is 100%, it is an indication that only good parts are being manufactured with no stop time. Hence OEE of 100% means 100% quality, performance & also availability.