BUS 237 Chapter Notes - Chapter 3: Competitive Advantage, Gross Domestic Product, Information System

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 237
• Professor: Jan Kietzmann

Document Summary

Productivity (labour productivity) ratio od gross domestic product (gdp) of a country divided by the total paid hours worked by people in the country. Value canadian workers generate per hour ~ . Labour productivity is the primary indicator of our per capita income. Increasing labour productivity is the best measure of canada"s future growth. Increasing productivity in our current economy = working smarter through innovation/adapting to changing economic conditions. Low-skill jobs (such as restaurant workers, janitors, and home aides) increasing. Middle-class jobs being replaced by technology (bookkeeping, clerical, manufacturing) Type of work has changed, not the employment rate. Top 62 people in the world have more wealth combined, than the rest of the world. They must be getting productivity from these investments, or they wouldn"t invest. Structure of competition it can alter the way corporations compete (e. g. accounting firm buys tax software application, and rival firms have to complete.