Tag Archive: Measures

Jun 23

Productivity important? – Yes – Measured? – No!

June, 2017 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 …

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Jun 22

Political Parties’ Productivity Plans

June, 2017 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 …

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May 15

Productivity positions built on sand

May, 2017 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 …

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May 11

Unipart & Vanguard show ‘Ways’ for BIG improvements

May, 2017 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 …

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Mar 23

Pareto for Productivity

March, 2017 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 …

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Mar 20

The Capitalist’s Dilemma

March, 2017 N.B. The following are extracts from an article published in the Harvard Business Review in June, 2014 – it remains highly relevant today Professor Clayton Christensen and Derek van Bever of Harvard Business School have embarked on a fascinating study into what may be holding back growth in the USA and elsewhere given …

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Jan 29

Elephants in the productivity room

January, 2017 The great financial journalist Martin Wolf of the FT recently opined about the current state of UK productivity – disappointingly, his words offered no new insights and were simply a regurgitation of current groupthink. He kicked off with the well-worn cliche from Paul Krugman about productivity being ‘almost everything’ – and then trotted out …

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Five steps for big improvements

December, 2016 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 …

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Why do national productivity gaps persist?

December, 2016 Philip Hammond, UK Chancellor of the Exchequer, says: “It takes a German worker four days to produce what a UK worker makes in five” Others say much the same about French workers But such claims are not new, they’ve been made over the last 30 years at least – big changes are never …

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Low productivity affects all, not just a few

September, 2016 New Reserve Bank governor, Philip Lowe, says boosting productivity is essential if Australia is to maintain the living standards it has enjoyed in recent years. He warns that “Australia’s remarkable boom times are over and the best way to maintain our standard of living is to have a “laser-like” focus on productivity”. In his …

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