586: Productivity is core operations (Case Interview & Management Consulting classics)
Case Interview Preparation & Management Consulting | Strategy | Critical Thinking
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The Definition of Productivity at McKinsey
The correct definition of productivity is the dollar value of output divided by the total cost of inputs to produce that output in today's dollars. If you want to work for McKinsey, you've got to understand productivity. The central thesis of the McKinsey Global Institute is that as nations or companies become more productive, they become more competitive and successful.
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