Discuss output and input-measure to calculate productivity

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Reference no: EM131672626

Part 1

Select a company from the manufacturing or service sector

-Discuss the output and input(s) you will measure to calculate the productivity.

-Come up with random (but realistic) numbers for output and input(s).

-Calculate a single-factor (labor) productivity and multifactor productivity measure.

-Will you go with a single-factor productivity or multifactor productivity measure and why?

-Relate to the problems related to productivity measurement discussed in the chapter to your case.

-In your example, if labor productivity is increased to 0.1 output units per labor-hour, how many hours would the average laborer work that month?

-Discuss the challenges of improving productivity in the service sector and the ways productivity can be improved in the service sector.

Part 2

Research online for two different companies on their global business environment.

-Describe their global strategy as evident from their websites?

-Comment on if global operations strategy adopted by each is international, multi-domestic, global, or transnational, and why?

-Do their facility locations reflect their global strategy?

-What proportion of their business is done globally?

-In general, discuss an organization’s mission and strategy and purpose of each?

-In general, discuss how the factor rating method is used for location or service provider selection.

Reference no: EM131672626

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