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Questions and Answers
What is competitiveness?
What is competitiveness?
- The ability to be average in the marketplace
- The ability to fail in the marketplace
- The ability to succeed and prosper in the marketplace (correct)
- The ability to break even in the marketplace
What are some key concepts associated with competitiveness?
What are some key concepts associated with competitiveness?
- Mediocrity and continual improvement
- Peak performance and continual improvement (correct)
- Mediocrity and continuous decline
- Peak performance and continuous decline
What is productivity?
What is productivity?
- The ratio between input and input volume
- The ratio between input and output volume
- The ratio between output and output volume
- The ratio between output and input volume (correct)
What can pressure to remain competitive lead to?
What can pressure to remain competitive lead to?
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What are high productivity levels associated with?
What are high productivity levels associated with?
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How can declining productivity be recognized?
How can declining productivity be recognized?
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Why must companies prioritize safety and health measures?
Why must companies prioritize safety and health measures?
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What do the best companies consistently outperform their competitors in?
What do the best companies consistently outperform their competitors in?
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Why is continual improvement necessary for competitiveness?
Why is continual improvement necessary for competitiveness?
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What must employers provide, and employees maintain, for competitiveness?
What must employers provide, and employees maintain, for competitiveness?
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Study Notes
- Competitiveness is the ability to succeed and prosper in the marketplace.
- Peak performance and continual improvement are key concepts associated with competitiveness.
- Productivity is a ratio between output and input volume.
- Pressure to remain competitive can lead to cutting corners on safety and health measures.
- High productivity levels are associated with better safety and health outcomes.
- Declining productivity can be recognized through reduced output, increased errors, employee absenteeism, low morale or engagement, and low employee retention.
- Companies must prioritize safety and health measures to avoid harm to employees and consumers.
- The best companies consistently outperform their competitors in quality, productivity, response time, service, cost, and corporate image.
- Continual improvement is necessary for competitiveness.
- Employers must provide a safe and healthy work environment, while employees must maintain safety while maximizing productivity.
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