Based on the article, “Great Companies Obsess Over Productivity, Not Efficiency” by Michael Mankins
Answer the following questions as below:
1.Based on the article differentiate between efficiency and productivity. Do you think they are different for economists or not? Justify your answer. (CLO#6)
2.Elaborate the benefits of efficiency for business environment by using some data (Hint: S&P, Bain & Company). (CLO#6)
3.Evaluate the loss of company’s productivity as given data in the article. What is the main reason behind this loss? (CLO#6)
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