(The 1.1% figure is even much smaller in the original EU-15 member states that exclude the new member states from Central and Eastern Europe.) These differences reflect a more efficient use of capital, labor, and other sources of growth in the United States. The most recent productivity advances of the U. Productivity Measurement A Short History The year 1970 saw the publication of two books, Kuznets Economic Growth of Nations and Solow s Economic Growth in 1971. Unwittingly, it marked the start of a rare professional consensus on economic growth. In his book, Kuznets summarized his decades of empirical research. Production monitors can be set up to show all the number of small production stops, reduced cycle speeds, and other normally-undetectable downtimes. This can help anticipate these minuscule downtimes to be corrected immediately. Losses A company usually encounters these familiar forms of losses: downtime loss (equipment failures, setup changeovers, etc. Inflation One question posed by experts is the following: If productivity growth is inherently a real phenomenon and inflation is a monetary phenomenon, why is there a relationship? One possibility they had looked into is that higher inflation rates could distort the price mechanism. In turn, it could trigger reduced efficiency throughout the economy. Listing down weakness and strengths will also help you overcome, manage, and deal with problems. 3. Better start off with small and simple goals. It would really help if you don t put too much pressure on yourself. If you are just starting with increasing your productivity, it will be best if you start small and simple so you won't feel defeated when you don t meet the standards you have set for yourself. Because of the negative atmosphere around, nobody wants to contribute anymore to the overall good of the business (which decreases productivity). After the fear stopped motivating these employees, the result is lower productivity in the office. Some suggestions Companies that may discover themselves to be in this situation need to do some damage control on the employees morale.