Welcome once again.
Being the second part of this article, today I would like to briefly consider the major production resources, and try to bring out productivity issues regarding them. As I mentioned last time, most people talk about productivity in relation to staffs or human resource, but forget that there are other areas of productivity that are even more critical.
All productive resources be it labour, materials, money etc have to be looked at in terms of productivity. Don’t you think so? Would it not make a lot of sense to ensure that whatever you have in your entrepreneurial hands are well managed to ensure maximum productivity and return on investment? So, we will take a quick look at these resources below.
So, as I conclude this brief article today, you had better start looking at productivity from a broader perspective. Bring into focus all the productive resources you have, those that you have mobilized and those that you have borrowed. Make decisions that will rapidly multiply the talent (read resource) that you have. To him that has more, more shall be given. If you choose to do the opposite, that’s up to you, but don’t come back crying about losses in your enterprises, because low resource productivity is a good friend to business losses.
At least, we have looked at productivity (output per unit of input) without all those numbers and calculations that some people fear like a plague. Haven’t we? Cheers!
The Wise Entrepreneur