Tag Archive: Productivity

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 with other …

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Aug 18

The PLG plugs a big 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

Why 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, …

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Aug 08

Happiness

Undoubtedly, productivity growth has made a huge difference to the quality of lives of billions of people, first by reducing work negatives – tasks that are dull, dirty, dangerous or difficult – and then increasing work positives by adding many more jobs which are interesting and fulfilling whilst also enhancing social lives with greatly improved …

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Aug 06

The Productivity Puzzle – MGI take a closer look

McKinsey & Co, in particular the MGI (McKinsey Global Institute), opened their recent ‘discussion paper’ on the productivity puzzle afflicting the USA (and other developed economies) by stating: “Now, as low birth rates slow the expansion of the labour force, increasing productivity, the output we get from every hour worked, is more crucial than ever …

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Jul 17

Productivity sure aint ‘dull’

The following is a letter sent to the Sunday Times on 17 July, 2017 following an article by Andrew Marr, mostly about UK political shenanigans Productivity has transformed the lives of most people in the UK What were luxuries for a select few a mere 100 years ago, if they even existed, are now considered essentials …

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Jul 13

AI becoming mainstream in Retail

Expert systems to aid human and plant maintenance and clever OR (Operations Research) computer models (aka apps) to find optimum solutions to complex business problems have been around for over 50 years now AI (Artificial Intelligence) is just the latest moniker for much the same, albeit more powerful Retail Week recently published an article about …

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Jul 11

The large gap between digital investment and productivity

An interesting article from IoT Agenda explores why digital investment in increasingly capable devices/ things/ solutions are empowering businesses to transform their processes and workflows but not showing up in real productivity gains One theory is ‘the metrics used are suspect’ – however, the author sides with another The rapid evolution in transformative technologies (e.g. …

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Jun 29

Dismal trends need not continue

The OECD – Organisation of Economic and Cultural Development – recently painted a dismal G7 economic picture claiming  ‘slowing rates of productivity growth’ in advanced nations over the last ten years or so Other data suggests the same trend is underway in many less affluent nations according to an article by Marc Levinson – his …

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Jun 28

AI the next GPT?

PWC – Price Waterhouse Coopers, the management consultancy – claim global GDP will be some 14% higher in 2030 as a result of AI – Artificial Intelligence This is equivalent to an extra $15.7 trillion The greatest gains will be realised in China and North America Anand Rao, global leader of AI at PWC says: …

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