Respuesta :
Some of the essential aspects affecting industrial productivity are :
(i) Technological Development
(ii) Quality of Human Resources
(iii) Availability of Finance
(iv) Managerial Skill
What are the factors favor the development of industries?
industry, a bunch of productive businesses or organizations that produce or supply goods, services, or sources of income. In economics, industries exist normally separated as primary, secondary, tertiary, and Quaternary; secondary industries are further categorized as heavy and light.
Some of the essential aspects affecting industrial productivity are :
(i) Technological Development
(ii) Quality of Human Resources
(iii) Availability of Finance
(iv) Managerial Skill
(i) Technological Development:
Technological development recreates an essential part to influence industrial productivity. “The application of motive power and automated modifications to the process of production has revved the peace of industrialization to an unprecedented degree, and has provided us the vision of the vast and unknown frontiers that still lie ahead of us in the realm of applied science and technology.”
(ii) Quality of Human Resources:
Manpower plays an important role In increasing industrial productivity in most industries. If the labor force exists not adequately qualified and/or is not properly inspired, all the steps taken to improve the industrial productivity will have no result the employees’ version and perspectives have an immense influence on the productivity of any industrial unit.
(iii) Availability of Finance:
The ambitious plans of an industrial unit to improve productivity will remain mere dreams if adequate economic resources exist not available to introduce technological advancements and provide appropriate training to the workers.
(iv) Managerial Skill
The significance of managerial talent includes improvement with the advancement in technology. Professional managers exist needed to make better usage of the new technological development. Since modern enterprises stand to run on a large scale, managers must maintain imagination, judgment, and willingness to bear imitative.
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