The Pursuit of Productivity

Creditors
ATUL VAGAL VISHAL KATARIA ADITYA JAMBHEKAR PRAFUL AMBRE ANKITA SHAH SNEHA PATEL 04 06 07 10 20 37

IBM (Mfg)
Experiment : approach called Application Assembly Optimization Result : 20% to 30% jump in productivity Reason : people get specialized in small window work

Maruti Suzuki (Mfg)

Approach : to bring down Man hour per vehicle (HPV) index from 45.8 to 40.3 By giving higher wages or by providing training which increases their efficiency and skills of labour Maruti believes that talent is not always available but it can nurtured

Genpact (BPO)
Low salaries creates a false image of cheap labour which costs inefficiency in productivity Contrast in international markets labours are hired until there is a real requirement Strategy adopted by Genpact Optimum utilization of resources

Firstsource (BPO)
Due to technological advancement in telecom sector in India and strong hold over English language company was able to get new business Due to dollar rate fluctuation in 2009-10 salary hikes and no technological improvement which lead to lower profits & low productive growth

Firstsource (BPO)
It was facing higher hold time per call in its financial process which affected its profit They started providing on the job training to young work force and started hiring experienced people

Hewlett Packard (Mfg)

Strategy : transforming process flow by organizing meaningful data which leads to faster delivery of data and output is stronger They regularly adopt technology upgradation and innovations

Bestbuy (Retailer)
Approach : increasing productivity by results-only work environment Setting up goals and let workforce meet them

Scenario in India
Indias GDP growth has been steady as compared to other to economies Indias productivity has increased by 65% from 1998 to 2006 while chinas productivity increased 180% in same period According to BCG report India needs to meet substantial effort to close productivity gap to remain competitive on global level

Measures of productivity improvement

Rewarding employees Motivating employees Maintenance of machinery Equipment upgrade Training

Thank You