Abstract
This paper examines the issues related to productivity improvement and their influence on profitability in the global and local environments. Factors contributing to the wealth of a nation and strategies to define its domain of excellence in the dynamic world of production and marketing are presented. The paper suggests that there is a realignment of industry between countries based on the level of technology and mechanization involved in the creation of the product. Industrialized countries are focusing on high technology industries and developing countries are gaining an edge in the low and medium technology industries. The author proposes that a country must define the areas and level of technology appropriate to its resources and strive to improve productivity, quality and profitability in its chosen line(s). Factors involved in improving productivity are given and discussion of their importance is made.
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