Tag Archive: Measures

Sep 02

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 …

Continue reading »

Sep 01

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 …

Continue reading »

Aug 19

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 …

Continue reading »

Aug 18

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 …

Continue reading »

Aug 14

Why measure labour productivity 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, …

Continue reading »

Jun 23

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% …

Continue reading »

Jun 22

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 …

Continue reading »

May 15

National productivity positions built on sand

On Friday, 12 May, 2017, I read an article about Chinese productivity posted by Bloomberg journalist Michael Schuman and sent him the following email: Michael, I read your article about Chinese productivity with great interest The first step in any major productivity improvement drive is indeed to establish the current position – where are you now? Most …

Continue reading »

May 11

Unipart & Vanguard ‘ways’ to improve

Productivity is the most important peacetime issue facing any nation or organisation – therefore, one would expect all governments and major business schools, management organisations and consultancies to focus on it  Not so For example: The UK has no well-known, well-supported productivity ‘centre of excellence’ e.g. a UK Productivity Centre – HMG might occasionally set …

Continue reading »

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 …

Continue reading »

Older posts «