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Explain Improving Productivity.
Improving Productivity: The production essence is creation of goods, may be by the transformation of raw materials or through assembling various small parts. The four factors of production are as land, capital and Enterprise (Management) and labour.
Management brings together land, labour and capital for production of input in output. Management organizes some three factors of production in an operating unit. With equitable and efficient combination of the right kind of factors of production, management can raise productivity.
Identify and describe a current situation, within your current or former organization, where the challenges of the process of change, due to a competitive global environment, has
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Identify three aspects of managing and using performance data so that it is useful to the organization. Provide an example of each aspect. Be specific in your response.
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What is your personal professional strategy to remain competitive in this environment as globalization increases?
List one of the seven management tools and discuss how they might be used in developing a new product.
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