Value of Measuring Productivity

Principle purpose of this article is to describe value of Measuring Productivity.¬†Productivity is usually an average measure in the efficiency of output. It can be expressed since the ratio of result to inputs utilized in the production practice, example: output every unit of input. Measuring productivity is really a concept that all businesses will have to familiarize themselves together with. In the volatile business world, we have to face the fact all efforts exerted by everyone from the organization are focused towards gaining profit. And profit just can’t be gained without productivity from the equation.