Productivity, skill, and value are often discussed in the same breath, but they have different meanings and benefits.
- Productivity is the efficient use of resources to achieve a desired outcome or result. It can refer to individuals and organizations – for individual productivity, it usually means doing more with less effort, while organizationally, it can mean getting the most out of your team or resources.
- Skill is about mastering a craft; it takes time, dedication, and practice to develop skill. If you have the skills necessary to do something well, you’re likely to be able to do it efficiently and effectively.
- Value is the contribution that an individual or organization makes. It’s not about how much you can produce in a short period of time but about how meaningful that production is. Value speaks to the quality of your work and its impact on others; it makes people or companies stand out from the crowd and become successful.