Category Archive: Organisational productivity

Mar 23

Pareto for Productivity

Pareto, a 19th century Italian economist, spotted that “80% of effects arise from only 20% of possible causes” – apply this rule to national productivity levels and just the top quintile of companies determine whether improvements are made – and it has been ever thus In other words, the great majority of companies are doing …

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Five steps for big improvements

Managers, whatever their level, need to take just five basic steps to make big productivity improvements – click on the link below for outline details http://www.productivityknowhow.com/?page_id=378 BUT: 1. Corporate plans – If they exist, they’re not seen or understood by most managers 2. Performance measures – Most lack 80% of the measures they need 3. Analysis …

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Stiglitz questions labour saving innovation

Many of the innovations that led to productivity increases in manufacturing ended up playing a role in the economic downturn that began in 2008, says Nobel laureate economist Joseph Stiglitz For a long time, he said, many countries have been focusing disproportionately on innovation in the wrong areas, such as saving labour “We have a …

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Myths about productivity?

An interesting set of views and counter claims about productivity are presented below – they were found on Google: It leads to higher wages – it doesn’t – it needs collective bargaining, but unions have mostly lost their influence It doesn’t result in fewer jobs – in an ideal world it would lead to increased output, increased market …

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