Posted: January 22nd, 2023
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One of the questions we will debate this week is how you create and advance productivity within an organization. First and foremost we need to innovate. That means that we need to take today’s product or service and make something different and better. That creates the future markets for our review. Second, we have to relentlessly look at the costs associated with producing a product or service.
This can be challenging because once we create something, we often do not continually look at how to make it better. However, technology continues to allow us to do more with less, so we need to look towards eliminating the less to raise your overall productivity. Question: one of the aspects associated with productivity is the ability to produce more products without incurring more costs. Why is productivity destructive to some aspects of an economy?
Identify what a business process is and mention its benefits and disadvantages.
Discuss what a workflow diagram is and how it can help organizations.
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