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Business management

Productivity: Why It Is a Vital Aspect of Any Business

by Repco-Cootamundra, on Jul 11
We live in a world with scarce resources. Productivity can be simply defined as the maximum amount of output produced with the minimal amount of resources used.
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We live in a world with scarce resources. Productivity can be simply defined as the maximum amount of output produced with the minimal amount of resources used. Productivity can go a long way in adding value to the service a business can provide and contribute towards higher profit margins. There are many ways a business can improve its productivity. Let’s take a look at some of them in more detail. Technology Technology is ever-growing with digital platforms taking over many aspects of the business that used to be done manually about a decade ago. Communication gaps have been reduced significantly over the years as a result of technology automating many processes. Technology takes out the element of human error and...

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