Key Factors in Productivity Assessment: A Case Study
Journal Title: Revista CEA - Year 2021, Vol 7, Issue 15
Abstract
Organizational productivity is the basis to generate economic growth and better living conditions. An efficient and effective use of resources is an optimal combination because efficiency plus effectiveness equals productivity. This study examines the perceptions of employees, working at several organizations in the south of the Aburrá Valley (Envigado, Itagüí, Sabaneta, La Estrella, and Caldas in the Department of Antioquia, Colombia), of different factors associated with productivity. The methodology adopted here included a categorical system composed of 10 factors as determinants of productivity, which was designed based on a literature review. This study adopted a mixed-methods approach. A structured survey with 10 closed-ended questions and a Likert scale was answered by 65 employees at 17 organizations. Their answers were tabulated, and each question was analyzed using descriptive statistics and a correlation matrix. Based on the results, the categories that exert the greatest influence on organizational productivity are job stability, policy articulation, physical infrastructure, innovation, research, and technological progress. It is also concluded that motivation presents the highest number of strongly linear correlations with the other factors.
Authors and Affiliations
Jorge Ariel Franco-López, Julián Alberto Uribe-Gómez, Sebastián Agudelo-Vallejo
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