ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Never update their technology
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Let their employees train themselves
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Invest in new technology, but not train employees
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Invest in new technology and education for their workers
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Detailed explanation-1: -Focus On Employee Training The more prepared your employees are, the more productive they will be, and that can be done with training. In any organization, training plays a vast role in how well prepared your team is for their work.
Detailed explanation-2: -What are three ways to increase productivity? Three ways to increase productivity are technology, division of labor, and motivating employees.
Detailed explanation-3: -Keep things simple. Set reminders. Review goals daily (or at least regularly) Minimize time-wasting activities. Use productivity apps. Motivate your team. Avoid multitasking. Offer a wellness program. More items
Detailed explanation-4: -More competition. One solution to the productivity slowdown on which there was broad consensus was the need to enhance competition. Better skills. Smarter R&D funding. Focus on low-hanging fruit. 20-Sept-2016