To implement John Lok's benchmarks for productivity assessment, businesses can focus on several key areas, primarily by applying behavioral economic strategies and optimizing human resource management . These strategies aim to influence both client and employee behavior to drive overall organizational performance .
Attracting and Satisfying Clients
Businesses can begin by deeply understanding consumer behavior to attract clients effectively. This involves analyzing market trends, customer preferences, and psychological triggers that influence purchasing decisions .
Satisfying Employee Needs and Raising Efficiency
A critical component of Lok's benchmarks involves creating a positive work environment and providing opportunities for employee growth and development .
To raise efficiency, businesses should implement strategies that improve employee productivity and streamline processes . This can involve leveraging technology for better input, providing effective human resource development training, and employing robust performance measurement system.
Expanding Organizational Growth
Finally, businesses can expand organizational growth by using behavioral insights to drive innovation and expansion [1]. This involves continuously adapting to market changes, fostering a culture of continuous improvement, and strategically investing in areas that promise future returns .
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John Lok
I had graduated business Administration Science Degree in Common Wealth Open University. Then, I concentrate on researching whether how economic changing environment can influence our behaviors, e.g. consumer behavior in behavioral economic view. I had researched different behavioral economic topics included how artificial intelligence influences economic environment changes, how artificial intelligence influences consumer behaviors, how disease influences traveler leisure psychology, how economic changing environment influences public transport passenger choice, how e-commerce market influences consumer behavior etc. different books are published. I hoped my readers can make accurate analysis to learn how and why the economic changing environment influences consumer behavior in behavioral economic view.
