Why efficiency does not always equal profitability
Article Abstract:
US corporations have been emphasizing the importance of reducing costs and improving efficiency to raise profits since the beginning of the 1970s, but an overall analysis of this cost-accounting method indicates that desired results have not always been achieved. Emphasizing direct labor efficiency is counter to much of the current manufacturing environments which are focused on smaller production runs and increased flexibility. Manufacturing firms of the 1990s will need to center efforts on reduction of lead time, product quality and flexibility to increase long-term profits. Targeting only efficiency and productivity may undermine employee motivation and innovation, elements which are needed to to achieve long-term organizational goals.
Publication Name: Business
Subject: Business
ISSN: 0163-531X
Year: 1989
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An empirical analysis of continuing improvements following the implementation of a performance-based compensation plan
Article Abstract:
Research is presented describing the study of performance improvement of employees when using a compensation plan based on individual performance levels.
Publication Name: The Journal of Accounting and Economics
Subject: Business
ISSN: 0165-4101
Year: 2000
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Analyst following and count-data econometrics
Article Abstract:
Research is presented describing the study of econometric analysis models using the following technique which operates a distribution count assessment.
Publication Name: The Journal of Accounting and Economics
Subject: Business
ISSN: 0165-4101
Year: 2000
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