Improving productivity is about working smarter to optimise inputs and outputs. When achieved, it gives organisations a competitive edge and ultimately forms the basis of economic growth, which drives up living standards.
Faced with uncertainty and a dynamic economic environment, organisations engage in productivity-enhancing projects and management accountants are key to driving these strategic initiatives by devising and monitoring productivity-related KPIs.
AICPA & CIMA recently published a report that looked at how finance leaders can enhance productivity throughout the organisations