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Work Study and Value Analysis - Improving Productivity
By considering how work is carried out (method study) or considering alternative approaches using a cost-benefit analysis (value analysis) we can improve methods and reduce waste and increase productivity. Measuring work may also determine how many staff are needed and in turn affect decisions which determine not only the number of staff needed but also the introduction of automation.
Threadless (in Strategy Highlight 1.1) is an example of a firm building on its customer base to use new products and also to participate in the design and vetting of popular design
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