Definition of 'Productivity'
An economic measure of output per unit of input. Inputs
include labor and capital, while output is typically measured in revenues and
other GDP components such as business inventories. Productivity measures may be
examined collectively (across the whole economy) or viewed industry by industry
to examine trends in labor growth, wage levels and technological improvement.
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Read more: http://www.investopedia.com/terms/p/productivity.asp#ixzz21S3i3NeN
The Importance of Productivity
Productivity is a key measure of supply-side economic
performance and labour efficiency.
PRODUCTIVITY LESSON
Of all the
cases in the world we learnt about the productivity through a small copyrighted
video for training purpose which I will call the “three monks”. Showcasing the
video is not possible anyhow I will describe that very much.
Scene 1-
A monastery located on the top of a hill and the only water
source (river/lake) is at the bottom. To collect water one needs to get it from
the bottom of the hill in buckets. His daily routine was shouldering water,
chanting sutras, knocking the wooden fish, adding water to the holy water
bottle on the table honoring the Goddess of Mercy, and watching over the mice
from stealing food at night. His life was smooth and comfortable.
The Players-
Initially there are 2 monks. Soon after, a tall monk came. He drank half of the jar’s water
as soon as he arrived at the temple, so the little monk asked him to fetch
water. They could only carry one bucket a time, and they would only feel
content when the bucket was placed in the middle of the shoulder pole. Anyway,
they still had water to drink in this way. Who after lot of fighting with each
other, decided to carry the bucket together using a rod/log, and share the load
equally – THE TEAMWORK.
Scene 2 –
When they collected enough water, they were joined by the
third monk the big fat one, tired from all the climbing and finished all the
water in the monastery.
Everyone chanted his own sutras and knocked his own wooden
fish. As nobody would add water to the holy water bottle, the plant in the
bottle withered soon.
Scene 3
FIRE FIRE FIRE
Later that night, At night, a mouse came out stealing, but
everyone pretended not to see it. As a result, the mouse was so rampant that it
knocked over the candleholder and caused a fire. There was a fire in the
monastery. Ina desperate attempt to save
the monastery all the 3 monks forgot their differences and started working
together. Dividing the path in three parts.
Methodology In FIRE – The Teamwork and Productivity
Lesson
1.First monk filled the buckets from the source and give it
to the second monk.
2. Second monk run the middle section and gives the bucket
to the third monk.
3. The third monk takes the bucket to the
monastery and pour the water on the fire.
The OUTCOME –
With lot of effort they were able to extinguish the fire and
save the monastery.
Lesson Learnt -
This made them realise to have a proper way of bringing
water up to the monastery.
The Sustenance
So next morning they
came up with a simple solution. They installed a pulley on the cliff, through
which one monk can lower a hook to the river. Another monk can hang the
bucket filled with water to the hook, which can be pulled up using the pulley.
The third monk can carry the bucket from pulley to the monastery.
Something about the VIDEO
The film tells a simplest story with simplest lines and a
simplest form. There is no dubbed voice. Even the background music is reduced
to the occasional sound of wooden fish. But it is this simplicity that makes
people unwilling to miss a single scene. When we review the Three Monks after
seeing numerous Japanese, Korean, European and American cartoons, we will be
shocked. We will even smugly say, look at our Chinese “silent movie”. Maybe,
only Chinese water-and-ink painting has such a magic to depict a figure with
distinct personality with just a few strokes. The film is based on a folk
proverb. It has national features, a complete scene of mountain, water and
temple drawn with traditional painting skills, and figures with strong
characters. Although it is meant to reason things out, the film is humorous and
void of rigid sermon.
INDIVIDUAL Vs COLLECTIVE APPROACH
To put out the fire each monk got panicked and
tried his best to run down to the river and bring the bucket full of water. But
this process was ling and tiring, and also had to many glitches on the road. So
it proved to be ineffective.
Coordinated effort dosed of fire very easily and without
being tired.
Productivity is Important
Productivity is about how well an organisation converts
resource inputs into goods or services.
Workplace
productivity is about how firms can utilise labour and skills, innovation,
technology and
organisational structure to improve the quantity and quality of their
output.
Basically it's about exploring all the ways that can make a working
environment more efficient.
Why is productivity important?
• Basis for improvements in real incomes and economic well-being.
• Monetary policy (inflationary pressures)
• Fiscal policy (financing of health, education, welfare)
• Slow productivity growth = conflicting demands for distribution of
income more likely
Productivity measurement.. ? ? As MBA if you cannot measure and think productivity in numbers.. MBA is not complete.
ReplyDeleteWords are just .. loose talk for MBAs without numbers... ! !
You incorporate and revise it.
thanks you Dr Mandi for the suggestion, i have done as you have advised.
ReplyDelete