Productivity and Its Measurement (Classic Reprint): A Strategic Perspective: A Strategic Perspective (Classic Reprint) - Softcover

Inhaltsangabe

This insightful book centers around productivity measurement and the development of a strategic signal to indicate the long-term trend in the relative competitiveness of an industry. The author presents a detailed analysis of various approaches to productivity measurement and establishes criteria for evaluating and choosing the most effective measures. By examining real-world data from the U.S. automobile industry, the book demonstrates the practical application of the proposed productivity measure, value added over payroll and benefits. This measure is found to be not only theoretically sound but also useful for inter-firm, intertemporal, and inter-industry analysis. The author further explores the implications of the productivity measure for managerial decisions, arguing that it provides strategic signals to decision-makers, enabling them to identify critical changes in the internal and external environment of the firm or industry. Significantly, the book emphasizes the importance of value creation through product innovation as a long-term strategy for regaining international competitiveness. Through its rigorous analysis and practical examples, this book offers valuable insights for managers, policymakers, and anyone interested in the strategic implications of productivity measurement.

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