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Casual Articles - What is Productivity? And, Why Does It Matter?
Would you like to go for a holiday without worrying about your work? Are you struggling with increasing utilities bills? Are you afraid of being retrenched? Do you own a life time of debts up to your neck? Is shortage of money driving your family apart? Is money a problem to you? Do you have insufficient time to spend with your family? Do you need to work long
The second woodcutter couldn't help but hear the first woodcutter's question, and replies, "Yes, I take many more breaks, but every time I take one, I sharpen my axe."
Phil uses this
When creating a document, whether for screen or professional reproduction, adding a color can make a definite statement, catch your audiences attention and judicious use of color has been proven to increase sales and conversion rates considerably.Adding color to a web page, this poses little problem. Pick your color and there it is. But if you are having your d
Two woodcutters who are working together for the first time, set off in the morning to cut down trees. One woodcutter works very hard, and aside from a couple of breaks, works steadily all day.
The other woodcutter, though, seems to take many more breaks, at least one every hour. So the first woodcutter expects he'll have cut down many more trees by the end of the day.
But, when they quit for the day, the first woodcutter finds, to his surprise, that the second woodcutter has done more, despite taking all those breaks. And, in his frustration, the first woodcutter wonders out loud how the second woodcutter did it.
The second woodcutter couldn't help but hear the first woodcutter's question, and replies, "Yes, I take many more breaks, but every time I take one, I sharpen my axe."
Phil uses this
We live in a world where we are bombarded with four thousand marketing messages each day, where many struggle to keep on top of the “spam-stuffed inbox”, where every market has more sellers than buyers, where a whole new set of rapid-relationship skills are called for.While some bemoan the passing of a slower-paced world, the “attention-deficit economy”
Two woodcutters who are working together for the first time, set off in the morning to cut down trees. One woodcutter works very hard, and aside from a couple of breaks, works steadily all day.
The other woodcutter, though, seems to take many more breaks, at least one every hour. So the first woodcutter expects he'll have cut down many more trees by the end of the day.
But, when they quit for the day, the first woodcutter finds, to his surprise, that the second woodcutter has done more, despite taking all those breaks. And, in his frustration, the first woodcutter wonders out loud how the second woodcutter did it.
The second woodcutter couldn't help but hear the first woodcutter's question, and replies, "Yes, I take many more breaks, but every time I take one, I sharpen my axe."
Phil uses this
As a patient, we want to believe that our lives are in the hands of people who we can trust to do their job of medical billing without looking at the bottom line. But the sad truth is, it's the size of the claim and not the seriousness of your problem that gets the highest priority when it comes to crunch time.The biggest problem with medical billing is that i
The other woodcutter, though, seems to take many more breaks, at least one every hour. So the first woodcutter expects he'll have cut down many more trees by the end of the day.
But, when they quit for the day, the first woodcutter finds, to his surprise, that the second woodcutter has done more, despite taking all those breaks. And, in his frustration, the first woodcutter wonders out loud how the second woodcutter did it.
The second woodcutter couldn't help but hear the first woodcutter's question, and replies, "Yes, I take many more breaks, but every time I take one, I sharpen my axe."
Phil uses this
You know in reviewing the Enron 401K program there was nothing wrong with it. The only real negative was that they had to hold the matching funds until age 50. The program had lots of options and it was structured great. Actually it was a model program for a modern day corporation.The stock options were the problem. Everything else was good. It was probabl
But, when they quit for the day, the first woodcutter finds, to his surprise, that the second woodcutter has done more, despite taking all those breaks. And, in his frustration, the first woodcutter wonders out loud how the second woodcutter did it.
The second woodcutter couldn't help but hear the first woodcutter's question, and replies, "Yes, I take many more breaks, but every time I take one, I sharpen my axe."
Phil uses this
There are two kinds of people: Those who wait for events to carry them along, and those who take what comes and with it design their own futures.One of the most powerful success factors in life is envisioning a future. You cannot reach what you cannot imagine. Envisioning a state of affairs of your own desire is the first step in making the future happen.
The second woodcutter couldn't help but hear the first woodcutter's question, and replies, "Yes, I take many more breaks, but every time I take one, I sharpen my axe."
Phil uses this story of the woodcutters to explain his ideas about productivity, and he doesn't relate it to the productivity which economists refer to in their statistics.
Phil thinks of productivity in a very immediate way: how many nails you can drive in one hour, for example. The economists are talking about the same thing, only they're talking about it as the sum of many millions of businesses and organizations, so they're talking about productivity in an abstract way.
Whatever the case, productivity simply refers to the amount of value you can get from labor, land, or capital (invested money). As we'll see in the next section, Phil's income goes up when he (and his helper’s) productivity goes up.
Increasing productivity across a whole nation is also good news. It means everyone in society becomes more prosperous, that everyone (or almost everyone) will have more money to spend or save.
I
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