The 3 Biggest Obstacles To Higher Company Productivity
Thursday, May 21, 2015 - 12:20
in Mathematics & Economics
239 representatives from Finnish small and medium-sized businesses responded to new survey by the Lappeenranta University of Technology about external and internal obstacles for productivity improvement experienced by companies. The results of the survey reveal that there have been three shifts in the key obstacles that have restrained the improvement of productivity since 1997:(1) Obstacles to the improvement of productivity have shifted from internal to external obstacles. It is no longer competition from outside or navigating market forces, it is high wages and ancillary costs, like social security and taxes, legislation, and trade union activities by employees. read more