Word: outputted
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...prevailing view on how deep the recession may go is voiced by Allen Sinai, senior economist of Data Resources, Inc., a Lexington, Mass., forecasting firm. He predicts a drop of 2% to 3% in total national output, which would mean only a middling slump, "worse than some of the postwar recessions, but not as bad as others." Sinai, however, has some doubt about his forecast. The current downturn, he notes, began less than a year after the short but sharp recession of mid-1980. "A lot of corporations and financial institutions are in weak condition" because they never fully recovered...
...toward service-type fields such as law, accounting, tourism and finance, armies of white collar employees have become indispensable to the conduct of business. Last year, workers, ranging from clerks to chief executives, earned more than $760 billion in wages and salaries, or more than 25% of the total output of the economy. Getting control of that skyrocketing cost, and making sure that the money is well spent, has become one of the most critical challenges facing business today. Says Donald N. Frey, chairman of Bell & Howell: "The decade of the '80s is going to be very much concerned...
Measuring the efficiency of office employees is difficult, and trickier by far than merely monitoring the output of a plant making automobiles, refrigerators or shoes. In the world of the white-collar worker, measurements that focus on such things as simply increased output in the office are just not relevant. Turning out more reports that do not get read may decrease rather than increase office productivity. On the other hand, by entering just about any American business office it is easy to see that hours are being poorly used or frittered away...
...pitfalls of office automation, though, can be as great as the promise. Companies that automate with planning and foresight enjoy leaps in output, while those that rush blindly into the uncharted world of the office-of-the-future come soon enough to regret it. Adding word processors and an electronic mail system to a department filled with middle managers might simply boost their output of pointless memos or reams of undigested numbers, thereby actually adding to company overhead instead of paring it back. Says a staffer at Apple Computer Inc., a leading manufacturer of personal computers: "We found ourselves generating...
...plant produces precision components, including columns and bases for lathes and other metalworking implements. To produce its monthly output of 1,400 such parts, older plants that the company runs would have required more than 200 skilled workmen laboring at 68 different pieces of equipment...