Abstract
Right from Adam Smith’s day, the productivity of labour for improving the performance of an organisation has been the mainstay in our thought process. Before the industrial revolution when labour was the only form of productive resources, it perhaps made sense to accept a precept of that nature. In the modern world, labour is only one of the many constituents for resource generation. For example, we know that automation can significantly increase productivity without any increase in labour productivity.
‘Data do not yield information except with the intervention of mind. Information does not yield meaning except with the intervention of imagination.’
THEODORE LEVITT
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 1987 Keron Bhattacharya
About this chapter
Cite this chapter
Bhattacharya, K. (1987). Added Value. In: The New Frontiers for Business Analysis. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08612-2_9
Download citation
DOI: https://doi.org/10.1007/978-1-349-08612-2_9
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-08614-6
Online ISBN: 978-1-349-08612-2
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)