Successful economic performance of an enterprise is a pre-requisite for the growth and security of its employees. The role of productivity therefore assumes great importance.
Improving productivity has always been a live issue for managements. As the profitability of an organization mostly depends on improvement in productivity therefore, managers are always striving to find ways for achieving the target of improved productivity.
Productivity is usually defined mechanically, as the ratio between input and the output. But, it is in fact an Organizational challenge encompassing the human, cultural, technological and moral aspects. It is an all-out effort in every sphere of activity of the organization towards achieving the target of most efficient management of all the available resources.
“Money", 'Machine", "Material" and "Method" all have their share of importance for increasing productivity But, it is "Man" i.e. the human resource which dominates the show. No amount of money, technological ingenuity or work innovation will do the trick. Unless the most vital resource, i.e. the human resource is ready to rise to the occasion there is no chance of meeting this challenge. Undue emphasis on engineering aspects may, affect the Esprit De Corps and culture of the Organization. Thus the human resource of the organization should form the focal point for any movement towards increasing productivity.