Economy management with a focus to the productivity

Abstract

Knowing the essence of productivity and its importance for the economy of the company, but also for the national economy is a prerequisite for successful management in these spheres, as well as the implementation of productivity principles as one of the basic principles of economy. Productivity is viewed as a component of economic growth with the help of production function. Many theoretical interpretations point to the differentiated concepts of factor productivity at the enterprise level. The analyzed complex models for measuring the productivity of enterprises indicates that the productivity has been placed in the focus of economic management. The paper highlights the theoretical methodological problems in the application of certain models and ways to overcome them. The main goals of institutionalization in this area are harmonization the methodology for measuring the productivity of enterprises and national economy and enabling affirmation and importance of the productivity. The productivity of the national economy is most often measured by the real GDP per capita, often being the subject of analysis and composition of the GDP as different types of expenditures. The main goal of this paper is to enable better management to the economy of industrial enterprises, especially the mining companies, through improvement the productivity measurement.

Keywords

• productivity measurements
• productivity indicators
• productivity approaches
• economic growth