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What Is Productivity? Definition Meaning

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Definition of Productivity


The definition of productivity according to management proficient Peter Drucker.

“Productivity agency the remainder betwixt all factors of production that volition hand the greatest output for the smallest effort.”

Productivity is expressed or measured equally a mathematical segmentation of 2 of import parameters (functions) viz., output as well as input.

The concept of productivity is depicted inward the next illustration.

The definition of productivity according to What is Productivity? definition Meaning

Image credits © Prof. Mudit Katyani.


Meaning of Productivity


Productivity is a human relationship betwixt output as well as input. It is expressed or measured equally a ratio of output as well as input. In other words, it equals output divided past times input.

Some examples of productivity criterion are equally follows:

  1. Productivity of a manufacturing unit of measurement tin live on measured inward damage of the release of goods produced inward closed to fixed sum of fourth dimension (usually inward hours).
  2. Generally, productivity of a service industry is measured inward damage of income generated past times an employee inside an organization.

Nowadays, organizations hand to a greater extent than importance to productivity as well as less importance to efficiency.

The 3 primary indicators of higher productivity are equally follows:

  1. Best utilization of the available human as well as cloth resources.
  2. Minimum wastage as well as losses of materials.
  3. Quantitative as well as qualitative production of goods at lower cost.

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