Whereas labor productivity tends to focus on manufacturing (easier to quantify) rather than services, multi-factor productivity on the other hand takes the computation several levels up. As one of the economic indicators, productivity is basically a measure of how efficiently an economy transforms its labor, capital, and raw materials into goods and services. Formally, in most circles productivity is strictly a relationship between resources that come into an organizational system over a given period of time and outputs generated with those resources over the same period of time. Variables In a factory, for example, productivity measures connected with input factors (labor, capital, etc) are inadequate and can be misleading sometimes. Achieving or realizing goals would prove to very hard and ardent than actually setting and formulating them. But you need to ramp them to start bolstering your overall productivity. That is why further focus and deliberation should be done when setting the goals. Keep productivity on your mind. Achievability and efficiency of goals should be properly set. Managing Productivity Measurements At present, there had been numerous productivity measurement techniques used by different groups of people for different purposes and reasons. These techniques had been developed for different applications, too. There is need, therefore, to combine and unify these differing views and techniques. The data gathered shall in turn be used in calculating the other economic components for an accurate reading. The famous Peter Drucker is more to the point: Without productivity objectives, a business does not have direction. Without productivity measurement, it does not have control. Data-gathering Collecting data is an essential requirement in measurement. ) Multifactor productivity measures show the utilization of multiple inputs (e.g., units of output per the sum of labor, capital, and energy or units of output per the sum of labor and materials). A total measure of productivity expresses the ratio of all outputs produced to all resources used. Motivation productivity This is related to how motivated a person is to perform a task (or activity).