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What is a learning curve? What benefits can we derive as we implement a learning curve?

What is a learning curve? What benefits can we derive as we implement a learning curve?

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Explanation:

Learning Curve:

Learning curve is a chart that show learning of employee as it show time taken by the employee to master a concept. its a graphical representation of learning and how employee has increased the learning over the time. Leaning curve represent relationship between learning of an employee and amount of effort gain that learning. Learning curve shows that one give more effort and in return it better and better.

Benefits of implementation of learning curve:

The learning curve perform implementation will benefit in assessing that productivity as it shows that performing a task over and over and benefits from it, it also shows benefits of getting reduced time by doing that task again and again. This will increase competitive advantage of a company over other in market. It also reduce the cost reduction and efficiency has increased with it.

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