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THE PRODUCTIVITY PARADOX - A Philosophical Analysis and Its Impact on the Fields of Management Science and Operations Management

Author

Listed:
  • Dr Leslie M. BOBB

    (New York Institute of Technology, School of Management, USA)

  • Dr Peter HARRIS

    (New York Institute of Technology, School of Management, USA)

Abstract

The Productivity Paradox whereby productivity and profits are not directly related has befuddled the field of management and its disciplines of management science and operations management for a while now. It has seriously affected the methodology and framework of the measurement of productivity, so much so, that it threatens the philosophical approaches to the subject material and causes a rift between various practitioners of management science and operations management. Son in a 1990 and subsequent 1994 paper, is probably the first to propose an alternate performance measure which correctly relates the various factors involved in productivity and consequently remedies the productivity paradox. This paper will argue in favor of such a proposal and demonstrate the various philosophical implications.

Suggested Citation

  • Dr Leslie M. BOBB & Dr Peter HARRIS, . "THE PRODUCTIVITY PARADOX - A Philosophical Analysis and Its Impact on the Fields of Management Science and Operations Management," Global Journal of Strategies, Governance & Applied Economics, Global Journal of Strategies, Governance & Applied Economics, vol. 7(2), pages 7-12.
    • Handle: RePEc:sgv:gjsg01:v:3:i:2:p:7-12
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