Boosting Business Productivity

Definition of business productivity Business productivity is a crucial aspect that often shapes the prosperity and success narrative of any given organization. It's the vital driving force that exponentially contributes to a company's bottom line while improving the overall efficiency of operations (Meyer 2017). To succinctly define business productivity it refers to the ability of an organization to utilize available resources efficiently to create profitable outputs. In simpler terms business productivity is the measure of production output per unit of input. It's essentially the gauge for determining how well a business converts resource inputs (such as labor materials and capital) into outputs (goods and services) (Marr 2018).