Originally Posted by Eric12341
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and it probably does, but yea this topic wouldnt work because as the prof claims "you cant measure productivity" ive seen many students get castigated in class because they mentioned productivity in their topics
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I find that statement almost unbelievable!
Your lecturer must advocate a very narrow definition of
productivity if he (or she) claims that it cannot be measured. Industrial, economic or market
productivity is simply the ratio between an input and an output: the classic measure is employment costs against turnover, but there are many more. Such metrics as employment costs and sales (or units manufactured) should be easily definable and thus are
measurable.
Moreover, productivity measures are essential benchmarking tools when assessing comparative performance or evaluating an investment and they serve as useful diagnostic tools when investigating performance issues.
As a caveat to my comments above, your lecturer may be alluding to the undeniable fact that productivity is a classic
lagging indicator. This makes both the measurement and the declaration of productivity measures reactive; nonetheless, the inputs and outputs must still be measured or collated and the result is still a useful management tool.