Abstract :

Productivity is a widely discussed topic in companies and by leaders, as productivity is directly linked to the GDP growth and the quality of life. However, research suggests that Productivity is one of the most ambiguous terminologies that exist. Even though, productivity is closely related to profitability, efficiency and effectiveness, all these terminologies are used in a different context. In this review, the author will clearly highlight the differences in these terminologies and provide insights in the context of enhancing performance. In the United Kingdom, manufacturing productivity is on par with Germany however, in other sectors there is a downfall. This review is focused on providing fundamental knowledge on Productivity and why it is important for all sectors?