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Information Economy - Coggle Diagram
Information Economy
FACTORS AFFECTING PRODUCTIVITY
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External factors: They include government regulation, competition and demand, they are beyond the control of the company, these factors can affect both the volume of the output and the distribution of the inputs
Product: It is a factor that can greatly influence productivity, it is usually recognized that research and development lead to new technologies which improve productivity
Process: These factors include process flow, automation, equipment, and selection of
types of process
Capacity and Inventory: Excess capacity is often a contributing factor in reducing productivity, capacity can hardly ever keep up with demand, but careful capacity planning can reduce both excess capacity and capacity. insufficient
Workforce and quality: The workforce is perhaps the most important of all, it is associated with a large number of its factors: selection and location, training, work design, supervision, organizational structure, salaries, objectives and unions
Quality: With regard to quality, low quality is known to lead to
poor productivity
Other technological developments used in Panama are
Email: Both local and international
"HomeBanking" - "Telephone Banking": Interactive voice systems. Today I know
can do almost everything,
Remote Process: Local and international.,
Teleconferences
Concept of "Outsourcing"
Technological Progress and Productivity
Some inventions of the 19th and 20th centuries, such as the telephone, the radio, the motor car, and the airplane, served not only to improve life, but also to increase the universal respect that society at large had for technology.
TYPES OF PRODUCTIVITY
Partial productivity: It is the ratio between the quantity produced and a single type of input.
Total factor productivity: It is the ratio between the net productivity or added value and the associated sum of the:
inputs, labor and capital.
Total productivity: It is the relationship between total production and the sum of all input factors
New Economy
In the new economy that is developing thanks to the Internet the main
protagonist is the information.
The Digital Economy in Panama
The impact of the internet in Panama has had a lot of significance mainly in
the financial sector.
National Companies
Panama has always distinguished itself for being a predominant service economy, which is reflected in its gross domestic product, in which this sector is responsible for 85%
The information economy is a set of elements which interact
with each other in order to support the activities of the company or business