John W. Kendrick - Personal productivity : how to increase your satisfaction in living

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Personal Productivity

Personal Productivity

How to Increase Your Satisfaction in Living

John W. Kendrick
John B. Kendrick

First published 1988 by M.E. Sharpe

Published 2015 by Routledge
2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN
711 Third Avenue, New York, NY 10017, USA

Routledge is an imprint of the Taylor & Francis Group, an informa business

Copyright 1988 Taylor & Francis. All rights reserved.

No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.

Notices
No responsibility is assumed by the publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use of operation of any methods, products, instructions or ideas contained in the material herein.

Practitioners and researchers must always rely on their own experience and knowledge in evaluating and using any information, methods, compounds, or experiments described herein. In using such information or methods they should be mindful of their own safety and the safety of others, including parties for whom they have a professional responsibility.

Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe.

Library of Congress Cataloging-in-Publication Data

Kendrick, John W.
Personal productivity.
Includes index.
1. Time management. 2. Finance, Personal. 3. Labor productivity
Psychological aspects. 4. WorkPsychological aspects.
I. Kendrick, John B. II. Title.
HD69.T54K46 1988 87-28472
640'.43dc19 CIP

ISBN 13: 9780873324632 (pbk)
ISBN 13: 9780873324625 (hbk)

Contents

Investments in Self: Education, Training, and Mobility

Productivity Growth and the Pursuit of HappinessThe End

Prototype Worksheet for Goal-Setting by Major Area of Personal Activity

Age and Experience Profiles of Relative Annual Earnings of White, Nonfarm Men, 1959

Key Components of a Personal Financial Management System

Illustrative Calculations of Satisfaction Quotients by Areas of Personal Activity

Sources of Personal Income in the United States, 1985 and 1986

U.S. Full Personal Income from Productive and Leisure Activities, by Source, 1985-1986

Disposition of Personal Income in the United States, 1985 and 1986

Disposition of U.S. Full Personal Income, 1985 and 1986

by John W. Kendrick

Over the past thirty-five years, I have researched and written on the subject of productivityat the levels of the company and other organizations, the industry, and the economy as a whole. A few years ago it dawned on me that I had not treated productivity at the most basic levelthat of the individual. As far as I knew, there was no comprehensive book on personal productivity; it seemed like a good opportunity to fill a need.

Reflecting upon the scope of such a book, I decided that it should not be confined to personal productivity in the workplace, but should relate to all of life, including leisure activities. This meant that while it should deal with raising productive potential and efficiency in order to increase real personal income, it should also discuss improving the use of time and income to maximize satisfaction generally.

Thus, Personal Productivity is concerned with the individual as both a means and an end of productionas a producer and as a consumer of goods and services, including leisure time. Indeed, over the last century the latter role has become much more important for workers in technologically advanced countries. In the United States, productivity, defined simply as output per worker, has risen on average by approximately 2 percent a year, or by nearly 700 percent since 1888. Over the same period, there has been a 50 percent increase in the leisure time of the average American worker, excluding the time required for sleep and rest. Workers now spend almost twice as much time in consumption and other nonmarket activities as they do in paid work, compared with about equal time for each in 1888.

An important aspect of the growth of leisure time is that people usually have much more discretion in managing it than they do in managing their time at work. In companies and other organizations, top management generally makes the important decisions affecting productivity and profitabilityin particular, decisions about technological and organizational innovations, investments in capital goods, and the composition of outputs and inputs. This is not to say that individuals do not influence their own productivity on the job. But they have full responsibility (in consultation with their spouses and possibly other family members) for managing their lives away from work. One's personal life affects productivity at work; conversely, high performance at work enhances satisfactions at home, as documented by recent research.

In contrast to managers of firms and other organizations, many of whom have studied management science in business or public-administration schools, most people have had little or no broad, systematic training in self-management. Even managers may not act as rationally as their training would suggest, A generation ago, a Columbia University professor, Joel Dean, observed that businessmen did not behave the way economists assumed they did. He wrote a book, Managerial Economics, to help managers understand and apply economic theory to such problems as minimizing costs and deciding on product mix, pricing, and capital outlays. Since then, many other books have been written on the subject, and managerial economics has become an influential part of the business-school curriculum.

Similarly, applying the economic principles explained in this book can help people make more rational decisions in their productive activities, consumption, and investments. Economics is sometimes called the science of choice; recognizing the limited amount of human and other resources available to satisfy wants, it consists in part of principles by which resources can be allocated for maximum well-being. The principles apply to the individual's choices between work and leisure, consumption and saving, and the consumer goods and services and investment opportunities that compete for disposable income.

Economics has become even more relevant to personal decisionmaking with the rise of the new household economics, which takes into account both the value of time spent producing commodities at home and the relative costs of consuming various goods and services. In addition, the expansion of capital theory to include human investments, along with outlays for personal or household durable goods and other capital equipment, enriches the ways in which investment theory and research can be applied to individual decision-making. It is not necessary to have taken economics courses to understand this book, however. We try to explain the concepts as they are introduced; the glossary at the end of the text may also be helpful.

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