Tag: measurement

The notion of productivity has its roots in the Industrial Revolution, a time when increased yields thanks to mechanization transformed the way goods were produced. However, is this metric still relevant in an economy dominated by services and digitization, where value creation relies more on human ingenuity than on standardized industrial processes (Organizing knowledge work is solving a lot of problems at once)? Indeed " Peter Drucker noted that during the twentieth century, the productivity of manual workers in the manufacturing sector increased by a factor of fifty as we got...