Added Value

Keron Bhattacharya
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Keron Bhattacharya: Jay Consultancy Services

Chapter 8 in The New Frontiers for Business Analysis, 1987, pp 138-157 from Palgrave Macmillan

Abstract: Abstract Right from Adam Smith’s day, the productivity of labour for improving the performance of an organisation has been the mainstay in our thought process. Before the industrial revolution when labour was the only form of productive resources, it perhaps made sense to accept a precept of that nature. In the modern world, labour is only one of the many constituents for resource generation. For example, we know that automation can significantly increase productivity without any increase in labour productivity.

Keywords: Labour Cost; Total Factor Productivity; Business Analysis; Capital Intensity; Interest Charge (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08612-2_9

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DOI: 10.1007/978-1-349-08612-2_9

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