Discussion Factors in Improving Business Efficiency Business has always sought to operate in the most efficient way possible.
Today, technology is one of the most important factors for improving business efficiency. A way of measuring the impact of technology on efficiency is to look at labor productivity. Productivity is measured in terms of the cost of labor and the output of the business. This is easiest to measure in manufacturing companies, but it is also used to assess the results of service businesses.
Go online and research the impact of technology on productivity in Canada over the past ten years.
