Productivity growth: some propositions

Abstract

In this article, my intention is to stimulate some discussion on the need for an integrated industrial and economic development policy viewed in the overall perspectives of productivity management. All of us who are interested in social issues in a real sense have some commonalities of purpose; expressed in terms of economic stability, freedom to progress, social welfare, etc. Today, the single issue that bothers most of us (in India) is that we are not in sound economic health. Inflation is increasing and unemployment is growing at an accelerating rate. Unprecedented international debt, government deficits, volatile capital markets and a host of other issues and factors have created disequilibrium in the economic system as well as in our social structure. In order to bring the economic system back into a state of equilibrium, it may be necessary to make some fundamental changes in our concepts and methods of planning, organizing and controlling our organizations. My motive here is, therefore, to introduce some basic propositions that may enlighten us – particularly corporate leaders – in bringing some meaningful transformations in the management of our organizations for productivity growth.

Citation

Mohanty, R.P. (1995), "Productivity growth: some propositions", Work Study, Vol. 44 No. 2, pp. 14-15. https://doi.org/10.1108/00438029510082558