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Increased Productivity

oboloo Glossary

Increased Productivity

Increased productivity is the process of creating higher efficiency and better performance from resources that are already in use. Companies often aim to increase productivity when the costs associated with acquiring additional resources are too high or impractical. This is achieved by optimizing the existing resources in terms of time, money, energy and personnel. Improved productivity gives businesses a competitive edge as they can produce more output using fewer resources, thus improving their bottom line. An engaged workforce, while it may cost more initially, can also help contribute to improved productivity. When employees feel empowered and connected to the company mission, they are more likely to bring their best selves to work and get things done faster and more efficiently.

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