Business productivity definitions you need to know in 2020

Key quotes:

• "So, let’s look at some simple methods for practicing better time management to be more productive during these Groundhog’s Day times of working from home."
• "That productivity formula is focused on labor work and doesn’t take into consideration trade-offs that a business might have to make to increase employee output."
• "Harvard Business Review has examined how businesses can “measure the unmeasurable.” They suggest a multifactor productivity approach, focusing on how a company should measure productivity with a metric extracted from its competitive position in the market."
• "For example, if a business is competing on speed with other companies in their market, they should focus on a time-based metric to measure productivity per worker."
• "If you don’t measure your productivity output, how do you know that you’re working better or worse than the week before? Looking at those areas where you need to most excel to reach your dream position, figure out how you can measure the quality and efficiency of your output so that you have a way of measuring productivity daily."

Key quotes:

• "Businesses can use modern digital tools to track operations data, employee time spent on different tasks, and similar types of information to get a more nuanced perspective on productivity."
• "Here’s a look at a few major productivity apps that can help you and your employees get more done: Trello is a project management and collaboration app that gives users the ability to organize their work in more intuitive ways and easily share updates with one another."
• "When users have to log data manually, re-enter information in multiple places, or switch between apps to get the information they need, they end up working more slowly and getting distracted more easily."
• "In the past, businesses had to purchase an expensive software license for each user, in many cases paying for access to specific Office-based productivity apps that their employees may not have even needed."
• "The Google Cloud Platform is emerging as a powerful productivity tool because of how easy it makes data sharing, including allowing multiple users to interact with files in real time."

Key quotes:

• "According to the Oxford Dictionary productivity is: “the state or quality of being productive.” I will show you how to breakdown the elements of your productivity practice into categories."
• "I’ve spent a lot of time focusing on productivity, and it’s a job that never ends."
• "If you’re working 14 hour days you will not be happy, and you won’t be productive once you factor in the time investment."
• "To identify those areas that are high impact, you first need to breakdown your productivity practice into categories or components if you will."
• "This category includes techniques of goal setting such as WOOP (wish, outcome, obstacle, plan) and SMART (specific, measurable, achievable, realistic, timely)."
• "Now that you’re familiar with how to breakdown the practice of productivity; create a spreadsheet to itemize all the elements you use in your work."

Key quotes:

• "After understanding productivity and keeping in mind how important it can be, now we can move on to different ways to measure it This strategy is more common in factory type settings."
• "There are various productivity measurement software present in the market along with the tools that can help us."
• "Some employers focus on keeping their employees in work rather than output."
• "This helps to measure gross profit the company earns and expenditure on employees."
• "Software like EmpMonitor has been successful in replacing all traditional ways of monitoring and measuring the productivity of employees."
• "The software can produce feedback reports from clients helpful for an employee to improve their performance."

Key quotes:

• "And most important, the plans to motivate your team members so that they can do best for your business."
• "So, you would have an idea about the definition of these terms, without much ado, let’s read about various ways and processes to improve the team’s efficiency and productivity level."
• "SMART stands for “Specific, Measurable, Attainable, Relevant, and Time-bound.” When you break this down, you definitely have a SMART goal: When you create a SMART goal plan, you can easily work as per the requirements of your business."
• "If you want to grow your business, then always try to incorporate some team-building exercises to motivate them to work in unity."
• "Well, the work environment and infrastructure are the essential ingredients to improve team efficiency and productivity."
• "The best idea to motivate them for productive work is to create a kickass team member."