Friday, June 5, 2009

Productivity definitions

Depending on the professional or industrial context, productivity can be defined as the measure or value of the balance of 'inputs' (capital investment, raw materials, labour, production and distribution) and 'outputs' (quantity or value of goods or services produced). Briefly, productivity is the measure of output for each unit of input.

Below are some useful sources of definitions for productivity across a diversity of fields:
  • Google has trawled definitions for productivity from around the web, including special applications such as: primary productivity, net primary productivity, labor productivity, total factor productivity, productivity growth, biological productivity, gross primary productivity, labour productivity, secondary productivity, and multifactor productivity.
  • The Wikipedia reference is another good starting point for productivity theory, modelling, company processes and technical applications.
  • In the services sector, Investorwords.com, assays employee outputs compared with salaries.
More to be added over time.

If you have a useful, novel (even humorous) definition for any productivity term, please add your comment.

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