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Business strategy
Labour as a major Factor to business productivity.
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[QUOTE="Holicent, post: 299757, member: 76163"] A company's productivity can greatly improve with a workforce that is highly skilled and motivated. New ideas, enhanced processes, and increased output can all be brought to the table by an experienced and well-trained workforce. This may result in increased profitability and competitiveness as well as lower costs and higher levels of efficiency. On the other hand, a workforce that lacks motivation or training can reduce a company's productivity. Low morale, high turnover, and absenteeism can have a negative impact on output and efficiency, raising costs and decreasing profitability. Productivity can be impacted by labor-management relations as well. A harmonious work environment and increased productivity can result from management and labor's collaboration, transparency, and communication. On the other hand, work clashes and strikes can cause disturbances in the work place, prompting lower efficiency and inflated costs. In conclusion, for businesses to succeed, labor should be carefully managed and nurtured because it has a significant impact on productivity. [/QUOTE]
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Labour as a major Factor to business productivity.
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