Mindsets
Throughout his life, Henry Ford ran a lot of productivity experiments to determine how to get the highest dollar value out of his production line and his employees. In an interview in 1926, Henry Ford concluded that forty hours a week is the optimum number of hours for employees. What he found is that when ...
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Mindsets
Opportunity Cost is a concept from economic theory that describes a cost that is measured in the value of the alternative forgone. Simply put, it’s what you’re potentially missing out on by doing something else. This is a very important concept for efficiency and productivity, especially when you realize the numerous ways it can be applied ...
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