Loose-leaf for Operations Management (The Mcgraw-hill Series in Operations and Decision Sciences)
Loose-leaf for Operations Management (The Mcgraw-hill Series in Operations and Decision Sciences)
12th Edition
ISBN: 9781259580093
Author: William J Stevenson
Publisher: McGraw-Hill Education
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Chapter 2, Problem 3CTE
Summary Introduction

To explain: Efficiency improvement trap.

Introduction: Competitiveness, strategy making and productivity are three crucial aspects for a firm to withstand and succeed in present competitive business environment. These elements are interrelated which must be handled efficiently in order to attain competitive edge.

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while it is true that increases in efficiency generate productivity increases, it is possible to get caught in an "efficiency improvement trap." explain what this means?
While it is true that increased efficiency leads to increased productivity, it is also possible to fall into the efficiency improvement trap, please explain.
Q- It is known that productivity is equal to the actual output over the actual input. What do we mean by inputs and outputs? How can productivity be improved? From your experience, give a real example that supports your claim. (Hint: how does changing the input or output affect productivity?)
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