In the past, the measurement of the company’s profits usually is productivity, because high or low productivity
has a direct effect on wages, the cost of products, the consumption of resources to produce goods, the quality of work
life, and the survival and competitiveness of industries and of individual firms. Nowadays, productivity has a larger
definition. It has to connect with creativity, flexibility, world vision and the ability of using new technology. HRD can The Journal of Human Resource and Adult Learning * November 2006 55
also be in charge for the improvement of the company’s productivity