Productivity: An Economic and Management Analysis with a Direction Towards a New Synthesis

Abstract

In order to compete in today‘s marketplace American industry must make some vital decisions concerning: (1) more efficient and dynamic management; (2) a reemphasis on long range production goals; and (3) a commitment to a more efficient technology. Presently, new technology cannot be incorporated into the industrial sector because of an organizational ideology that is unprepared for the new manager and the modern productive worker and a financial strategy oriented towards “buying” productivity rather than “creating” productivity.