A level Business - How To Improve Efficiency

In this revision tutorial for A level Business students we examine how to improve the efficiency of a business by improving its labour productivity. Efficiency and labour productivity are topics on the new A level Business specifications for Edexcel, AQA and OCR.

TakingTheBiz is a channel dedicated to A level Business revision.

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[xF]

I struggle concentrating on reading textbooks for hours at a time to revise, your videos have helped me tons over the last month. Smashed my first Business paper last week thanks to this series.

[gracefrench]

making notes from vid feel free to copy and paste x
labour productivity -> increase labour productivity -> units produced per worker increases -> costs are spread over a greater number of units -> lower cost per unit -> maintaining same quality of output, but for a lower cost -> improved efficiency
-> if we implement business strategies to improve labour productivity -> we can improve efficiency!
these strategies include:
0> motivation through financial rewards (promotion, bonus, increased wages), non-financial motivation -> positive working environment etc.
-> training workers -> more skilled -> produce a greater number of high quality products in a period of tine
-> investment in new tech

[abdullahshahid]

I appreciate you helping so many of us with this content
Could you help cover the 'Human resource management' chapter, in A level CIE course, next week? The exam is coming up in less than 3 weeks.

[polomanspoloaccount]

Amazing videos as always, explanations are always so good and clear, could you please cover more of AS business studies topics such as operational performance+ objectives, financial objectives and marketing.

[originalfsm]

can you give the OG FSM some explanation about the macro/micro economic conditions and how it impacts economies

[hb]

Thank you so much for the videos! Would it be possible to do videos where you go through past papers? I'm doing the Cambridge International syllabus. Also, wanted to ask if your website works, because I am unable to load it on my laptop

[Adam-hfhn]

what type of costs are costs associated with improving labour productivity?

[gemmahill]

Hi Guys! Taking the 2017 As paper tomorrow (AQA) anyone remember whats in it ?