BestWash, a laundry chain, has realized that if it wants to beat its leading competitor and improve market share, it must improve its productivity. Which of the following strategies is most likely to help BestWash to achieve this objective?
A) reassess their market
B) downsize
C) decrease machine efficiency
D) develop valuable real estate holdings
E) increase people efficiency

Question

Quizplus · Accepted Answer

To improve productivity, the most effective strategy is to increase people efficiency. This can be achieved by properly training employees, improving communication within the organization, streamlining processes, and creating a positive work environment. Downsize (B) and decrease machine efficiency (C) will have negative impacts on productivity. Reassessing the market (A) and developing valuable real estate holdings (D) may be important strategies, but they are not directly related to improving productivity.

BestWash, a Laundry Chain, Has Realized That If It Wants