TIME MANAGEMENT IN ORGANIZATIONS PRODUCTIVITY

Impact of effective time management in organizations productivity

Abstract

An effective way for improving productivity considered by most people is by raising the level of effective time management and using technology. However, without the support of effective time management systems, the contribution of technology to productivity is limited. As an emeirical verification, four major factors of automation technology are evaluated for fifteen machinery firms in Taiwan to constitute a composite index as an indicator of the achievement of technology. Similarly, eighteen subjects concerning production effective time management are evaluated to result in an index for effective time management. To construct a productivity frontier as a function of the two indices, a total factor productivity is also calculated. The productivity frontier shows the maximal attainable productivity at different levels of technology and effective time management. It is worthwhile to note that, in the sampled firms, effective time management presents a much stronger effect on productivity than technology does. With an isoquant analysis, a firm is able to derive a strategy to improve productivity taking time and budget into account. Although the discussion is confined to machinery firms, the methodology developed in this study is applicable to other industries.

Table of Contents

Abstract2

Table of Contents3

Chapter I4

Introduction4

Objectives of the research5

Research problem6

Introduction to the organization7

Chapter II8

Literature Review8

Recent trends in UK productivity8

Behind the TFP gap10

Theoretical Background26

Stratification by type and age in business33

Ownership and employment34

Manufacturing processes35

Quality management36

Training37

The use of basic statistical process control (SPC) tools38

Maintenance data analysis and discussion39

Data and Measures42

Labor Productivity and Product Quality43

Teams and Autonomy45

Chapter III47

Methodology47

Chapter IV56

Results56

Time Management Techniques of Price Rite Windows Ltd74

Chapter V80

Conclusions80

References82

Appendix101

Impact of effective time management in organizations productivity

Chapter I

Introduction

Over the years many Western factories have attempted to improve productivity without much success. British factories, on the other hand, have achieved significant improvements in productivity during the past two decades. Western automotive and electronics industries, in particular, are now perceived as being considerably less efficient than their British counterparts. Why, one might ask, are British factories more efficient than Western factories? The answers that have been offered to this question attribute the British success to such factors as a strong work ethic, cultural background and technological advances. Another explanation can be found in the ability of the British to reduce inventory and improve quality. A close scrutiny of British manufacturing practices, usually known as just-in-time (JIT), reveals some interesting findings. Even though some writers use JIT to refer specifically to inventory and scheduling, it will be used herein to refer to British manufacturing techniques in general. While British technology is certainly world class, it is not better than Western technology. And while the work ethic is strong among British workers, it is also alive and well in the West. Improving quality and reducing inventory do indeed have effects on productivity, but they are not the only areas in a factory that affect productivity. Consequently, explanation for UK's productivity advantage cannot be found in its technological superiority alone, nor in its commitment to hard ...