Publication / Source: Bioanalysis 5(13)
Authors: Hill H
“Innovation should not be restricted to the sciences but should be seen as an integral part of the management process leading to higher throughput and, last but not least, a fulfilled work force.”
As in all forms of business, productivity is pivotal in ensuring the profitability and stability of the operation. A dictionary definition of productivity, of which there are many, is a measure of the efficiency of a process in converting unit input into output. This can be measured in financial terms, but in a declining market or oversupply of a service this may not always be an ideal parameter, although changes in the process will be needed to move back into profitability.