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Productivity is the #1 measure that defines growth in the economy and one’s living standards (higher income, better benefits, more free time).
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The Best Definition Of Productivity
when we read “Productivity increased in September” we’re confused. Those macro trends have nothing to do with how productive a person is. To me, productivity is a personal measure. Especially in the 21st century where most of us work independently. We’re no longer machine operators. We’re skilled...
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Types Of Productivity
Based on the above, there are two types of productivity:
Workforce productivity: The total amount of goods and services workers produce in a certain period.
Personal productivity: The relevant output of an individual in a certain period.
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Defining Competitiveness Among Countries
The World Economic Forum defines competitiveness as the "set of institutions, policies and factors that determine the level of productivity of a country."
Another way to view it is to consider how it promotes wellbeing. A competitive economy is productive, leading to growt...
Busy vs. Productive
Merriam-Webster defines the word productive as, "Yielding results, benefits or profits." Essentially, it means that we have something to show for our hard work.
Being busy has to do with an amount of time, where productivity has more to do with our use of...
The Growth Multiple Method
This method calculates how your work of today will pay off long term, but does not tell you how to use your time more effectively. It works on the assumption that your actions from this year will continue to drive growth over the next 12 months, so the real value of your time is high...
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