Archive for July, 2010
Product is the operation of producing profits, through the integrating of various resources such as raw materials and other materials, machines that blend raw materials and materials, in addition to other hand manipulating materials and operates equipment. On the other hand, productivity is the human relationship between the quantity and / or character of the returns and the agency used to carry out product. There is confusion in dealing with these 2 terms belonging to the same family of words, but whose meanings are a different.
The product is the set of actions taken as results for useful productions. Productivity differs in that it combines construct quantity / quality of products, with the effort and resources spent for its innovation. For example: imagine that it is product manager and has 2 teams of workers to produce pants. Each grouping gives a time period of one week to manufacture 5000 pieces.
The beginning grouping made the pants in four days, while the 2nd team to reach the product target in six days. Which team was many at the end of the week? Both teams produced 1000 pants at the end of the week, with the same characteristic and quality, as both recorded the same product.
However, as the beginning team delivered the goods in producing the pants in four days, and the 2nd in six days, the beginning grouping was many productive than the latter. This is because this form hit the product target in less time and, presumably, with fewer resources and less wear on machinery.
This is the differences between product and productivity.
