Measurements of productivity: key to survival
by D. Bruce Merrifield
International Journal of Technology Management (IJTM), Vol. 9, No. 5/6/7, 1994

Abstract: Industrial survival in a hyper-competitive global market-place increasingly will depend upon development of a sustainable competitive advantage. A competitive advantage, in turn, increasingly will require knowledge-intensive high-value-added content in each operating system. The degree of value-added is measurable in terms of various forms of 'productivity' (performance/cost), but conventional measures of productivity are limited in their usefulness. Output divided by labour, or output divided by labour plus capital, do not adequately assess the degree of knowledge-intensive value-added content of an operation. More sophisticated forms of productivity measurement have been developed which have been demonstrated to have a high correlation with success. Much improved strategic allocation of always limited resources can result.

Online publication date: Sat, 23-May-2009

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