Tag Archive: Productivity

Apr 15

Passports for Productivity Improvement?

Some say the ‘Productivity Puzzle’ is the result of a storm of problems affecting both supply and demand in G7 developed nations viz: Supply: In the past, major technological advances (aka Schumpeter discontinuities) enabled quantum leaps in productivity levels – G7 nations would all adopt them and improve at about the same rate – now, without more …

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Apr 15

IoT – Internet of Things

“The IoT can help businesses be more productive and efficient” says Phil Goldstein, web editor for BizTech – but they need a plan to integrate disparate technologies whilst addressing protection needs against malicious actors Steve Darrah, director of national solutions at Intel, says that “IoT can be used to improve efficiency and profitability, drive safety …

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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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Mar 20

The Capitalist’s Dilemma

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 ‘corporations are …

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Jan 29

Elephants in the productivity room

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 a bunch …

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Productivity puzzle – MIRACLE solution

The US is worried about the puzzle of their low GDP and productivity growth – likewise the UK and other G7 nations – they’re all suffering in much the same way, which must offer a clue as to what’s going on Explanations offered by a variety of experts include: M = Mismeasurement of GDP, a seriously …

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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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Why do national productivity gaps persist?

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 made so …

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Low productivity affects all, not just a few

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 first appearance …

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It’s the rest, not the best, that’s the problem

Brooking’s Martin Neil Baily and Nicholas Montalbano summarised the global productivity puzzle recently: “The most promising sign for future growth is that the most productive firms are growing faster than the rest – the frontier is still moving out – but the diffusion of best practices is not pulling the rest of industry along” Of …

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