A business organization that wishes to gain profitability improvement must be able to undertake essential steps on getting this desired objective. To increase profitability of a certain organization, you have to improve the productivity within the workplace of the business. The management during this stage should first give importance on how to improve productivity within the workforce, among other things.
In economics, productivity can be described as measuring of the product output per unit of product input. Production means the conversion or resources into finished products or goods for the consumption of end consumers. The use of technology is required in the production process. Technological advancement is a huge help in making the production process easier and faster. Thus the presence of technology can be one way if the question on how to improve productivity arise.
Another factor that contributes in increasing the level of productivity is the labor aspect. Human labor or capital has huge contribution in the improvement of an organization’s productivity. It may be even safe to say that human capital serves as a force that drives the business to its success. Monetary and technological capital is still significant in every business but their roles are proved to be secondary to human capital. Capitalizing on humans is one way of improving productivity because a labor force is essential in meeting the target of production for a certain organization. Augmenting the number of labor can increase production especially if productivity is always monitored.
Depending on the business’ nature, business owners may minimize the number of their factory workers because rising labor costs can eat much of the cost of production which causes the decreased price competitiveness for certain products. However, minimizing labor can result to a lot of disadvantages.
Intensive and comprehensive training, as well as consistently upgrading the levels of education and skill of workers may also be a solution on how to improve productivity. Humans are capable of improving and learning a lot of new things that is why businesses should be responsible in increasing and improving the skills and the experience levels of their workers.
Motivation in terms of work can also result in improved productivity. That is why it is essential to reward workers and employees with incentives every once in a while. Working conditions in the workforce should also be improved because it is also proven to result in high productivity level. When an employee is motivated and happy in his work, chances for him being productive is essentially high. That is why it is a must to continuously analyze the behavior of your workers so you would know whether they are motivated, satisfied and achieve the greatest joy in their work.
Enhancing the productivity level in a certain organization can lead the business to prosper. It will help in the achievement of the business desired results. It results to the organization being able to successfully do its operations in the easiest way and in running a smooth and happy work atmosphere. Increased productivity level results to high profitability.
Proven Time Management & Productivity Techniques for Entrepreneurs
My friends are always amazed at how much I accomplish and frequently ask “How do you get so much done?”. I normally just shrug it off, but the question has been coming so much lately that I decided to share my top five productivity techniques.
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Use lists.
I am a huge proponent of lists — it’s actually pretty compulsive. 🙂
I make daily, weekly, monthly and quarterly and annual lists. 90 percent of my lists come straight from my marketing plan — I find that having a detailed marketing plan allows me to plan for all aspects of my business. I can gauge my income, expenses, projects, etc. all from this one plan.
My monthly, quarterly and annual “lists” are in the form of a 2′ x 3′ wall calendar. It’s simple to avoid double booking something or over committing myself when I can easily glance up and see what I’ve got going on — it’s also a great way to stay focused!
If you simply “show up” and see what happens day by day, you are dealing with “stuff” that happens rather than the strategic items that push your business forward. “Stuff” happens and I have time each day when I deal with it, but 99% of the time it doesn’t throw me off schedule since I’ve allotted some time for things that come up.
I create my weekly list each Sunday and my daily lists are written at the end of each day for the following day. This allows my subconscious to “process” while I’m making dinner, reading or relaxing in the evenings. Making these lists is such a part of my “scripting” process that I no longer even think about it. I just do it. And, while I’ve given substantial sums of money to Franklin Covey over the years, I’ve found that a yellow pad or simple notebook serves me best and that’s what I currently use.
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Visualize and script your days.
I’ve advocated the book Psycho Cybernetics by Maxwell Maltz before and will do so again. It’s not the easiest or funniest book you’ll ever read, but if you apply his visualization and scripting techniques, you’ll be amazed at the difference in your productivity.
Research studies have has been done with Olympic athletes where they close their eyes and visualize performing in their event — from the start of the gun to crossing the finish line. The results? The athletes who visualized winning over and over in their minds’ eyes often won in reality. Our subconscious doesn’t know the difference between real and imagined. While they were visualizing performing, their muscles and heart rate were firing as if they were actually in the event.
Scripting your days also tells your subconscious to work on “x” before you’ve even had a chance to consciously think about it. I can tell you what I’m working on during any time of the day. For example, I write every morning. It’s not a matter of “I don’t feel like it today” or “I don’t know what to write”. I sit down and I write. Period. This is scripted into my day such that it’s become a routine and my mind knows that this is what it’s doing at a certain time each day. As a result, the words come.
The benefit?
Creating lists allows you to cross things off. It’s such a great feeling to look at your list and see all the chec kmarks next to what you’ve done. If I do something that wasn’t originally planned for, I write it on the list. This keeps me in check with what I take on during the day in relation to my original plans.
The act of scripting your day forces you to visualize what you will be working on. This does two things: 1/ creates a sense of deja vu when you are actually doing the work as your mind has thought about it previously; remember, the mind can not differentiate between actual and imagined and 2/ allows your mind to work in the background on a certain project or task as you focus on something else.
Now’s your chance. You can think “This won’t work for me” or “I can’t do this in my business” — this works in *any* business and will work for *anyone*. To think otherwise is just another excuse.
Techniques 3, 4 and 5 will come next week. Until then, remember that it takes 21 days to create a routine. Stick with it and watch your productivity skyrocket.
