What is Productivity? Definition Meaning
Definition of Productivity
The definition of productivity according to management expert Peter Drucker.�Productivity means the balance between all factors of production that will give the greatest output for the smallest effort.�Productivity is expressed or measured as a mathematical division of two important parameters (functions) viz., output and input.The concept of productivity is depicted in
The definition of productivity according to management expert Peter Drucker.�Productivity means the balance between all factors of production that will give the greatest output for the smallest effort.�Productivity is expressed or measured as a mathematical division of two important parameters (functions) viz., output and input.The concept of productivity is depicted in
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