In improving the productivity of a company, the business will gain many benefits. These can include:
- Increase in income/profitability.
- Lowering running costs/operational costs.
- Maximising the use of all of the company’s resources such as land, equipments/machineries, factory, workers, and etc.
- Gaining a greater share of the market.
- More cash flows mean more opportunity for the company to expand and grow.
Let’s have a further look at: