Your business will only get successful outcomes through having a competitive advantage and being seen to be better than the competition by your customers. You can create and maintain a competitive advantage by increasing your productivity at a faster rate than your competitors do. Productivity improvement should be integral to your business strategy. Key drivers for increasing productivity are investment in more productive technologies, innovation, skills and seizing new opportunities.
This article also includes:
- Productivity = Output / Inputs
- Increasing Output
- Identifying your Customers and their Needs
- Reducing Inputs