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  2. Overall labor effectiveness - Wikipedia

    en.wikipedia.org/wiki/Overall_Labor_Effectiveness

    OLE can help manufacturers analyze shift productivity down to a single-shift level, and determine which individual workers are most productive, and then identify corrective actions to bring operations up to standards. Calculation: Quality = Saleable parts / Total parts produced Example: Two employees (workforce) produce 670 Good Units during a ...

  3. Strategic human resource planning - Wikipedia

    en.wikipedia.org/wiki/Strategic_human_resource...

    The planning processes of most best practice organizations not only define what will be accomplished within a given time-frame, but also the numbers and types of human resources that will be needed to achieve the defined business goals (e.g., number of human resources; the required competencies; when the resources will be needed; etc.).

  4. Workforce productivity - Wikipedia

    en.wikipedia.org/wiki/Workforce_productivity

    the relative efficiency gains resulting from different systems of management, organization, co-ordination or engineering. the productive effects of some forms of labour on other forms of labour. These aspects of productivity refer to the qualitative dimensions of labour input. If an organization is using labour much more intensely, one can ...

  5. Marketing management - Wikipedia

    en.wikipedia.org/wiki/Marketing_management

    More broadly, marketing managers work to design and improve the effectiveness of core marketing processes, such as new product development, brand management, marketing communications, and pricing. Marketers may employ the tools of business process re-engineering to ensure these processes are properly designed, and use a variety of process ...

  6. Marketing effectiveness - Wikipedia

    en.wikipedia.org/wiki/Marketing_effectiveness

    At the marketing mix level, marketers can improve their execution by making small changes in any or all of the 4-Ps (Product, Price, Place and Promotion) without making changes to the strategic position or the creative execution marketers can improve their effectiveness and deliver increased revenue. At the program level, marketers can improve ...

  7. Time and motion study - Wikipedia

    en.wikipedia.org/wiki/Time_and_motion_study

    A time and motion study (or time–motion study) is a business efficiency technique combining the time study work of Frederick Winslow Taylor with the motion study work of Frank and Lillian Gilbreth (the same couple as is best known through the biographical 1950 film and book Cheaper by the Dozen). It is a major part of scientific management ...

  8. Gross rating point - Wikipedia

    en.wikipedia.org/wiki/Gross_rating_point

    Gross rating points are a measure of the impact by a campaign using a specific medium or schedule. It quantifies impressions as a percentage of the target population, multiplied by frequency.

  9. Efficiency wage - Wikipedia

    en.wikipedia.org/wiki/Efficiency_wage

    In labor economics, an efficiency wage is a wage paid in excess of the market-clearing wage to increase the labor productivity of workers. [1] Specifically, it points to the incentive for managers to pay their employees more than the market-clearing wage to increase their productivity or to reduce the costs associated with employee turnover .