Tag Archive: Measures

Oct 30

A. Free markets a ‘blatant failure’

Jacinda Arden, new Prime Minister of New Zealand and, at 37, the world’s youngest female leader, recently claimed that free markets are a ‘blatant failure’ In future, economic performance should not be measured by GDP growth and unemployment but by whether people’s lives ‘offered enjoyment and meaning’ “We need to make sure we are looking …

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Oct 19

A. Indigo Prize – How to measure 21c GDP

The INDIGO PRIZE is awarded for the best answers to: “How would you design a new economic measure for global economies that fully acknowledges not only social and economic factors but the impact of creativity, entrepreneurship and digital skills? How should your new measure be used to improve the way we measure GDP in official statistics?” …

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Sep 26

A. Measure what you need, not what you can

Performance measures are needed by all managers, in public as well as private sectors, to steer them towards taking the right action in the right places at the right time They should answer such big questions as: Is my team/ unit on course or not – if not, how far off – are we standing …

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Sep 02

C. Tesco’s ‘Steering Wheel’

The blunt truth, according to Terry Leahy in an article he penned for The Times, is that if public services were exposed to more competition, their performance would improve He strongly believes in competition after spending 33 years at Tesco during which time it rose from being a bit of a joke to the third …

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Sep 01

B. Barriers to ‘new technology’ diffusion

If GDP measures are to be believed, some 80% of global GDP is generated by less than 20% of the global population At global level, the top 20% of economies would appear to have productivity levels at least three to four times better than the rest, the other 80% – and this gap is widening …

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Aug 19

A. Human targets are best

In his book ‘Happiness’, Richard Layard points out that: ” People care most about their income relative to that of other people” i.e. more than the total itself He says most people would even be willing to accept a significant fall in their living standards as long as they could move up compared to other …

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Aug 18

C. PLG plugs a big productivity gap?

Whilst investment, innovation, competition and luck all play a significant part in the performance of any organisation, public as well as private, it is its management that has the most influence The same applies at national level with government ministers And if managers and ministers, whatever their level, are to do their jobs well they …

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Aug 14

A. Labour productivity measurement alone?

Why do we measure just labour productivity when it’s the productivity of all costly resources used together that matters most: Because we always have done – it was relatively easy to count in the old manufacturing days? Because we still can? Because we can’t measure the productivity of capital and other inputs in an equivalent, …

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Jun 23

B. If productivity so vital, why not measured?

Capita recently surveyed 250 managers and 250 workers across a range of UK industries including retail, logistics and construction They found a ‘huge disconnect’ between the number of managers who feel productivity is important and those who actually measure it Key findings were: Just 32% of bosses feel their business is very productive yet 71% …

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Jun 22

C. Political parties’ productivity plans

Productivity is the biggest peacetime issue facing all UK political parties – annual improvements are vital if living standards and average earnings are to be raised – so what did their recent manifestos say about it? Conservative Manifesto: Introduce a National Productivity Investment Fund – to spend £23bn by the end of the next parliament …

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