Tag Archive: Productivity

Nov 07

A. Scanning the productivity horizon

First, productivity improvement transformed the agriculture sector providing millions more people with more and better quality of food and drink at more affordable prices Then it was manufacturing’s turn, providing more and better clothes and shoes, white goods and cookers, bikes, cars or planes – all making lives easier and getting from A to B …

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Oct 30

C. The shape of things to come

What if Professor Robert Gordon was right and innovation has peaked? That would mean no more alternative sectors to employ, even mop up, labour that finds itself surplus to requirements so they end up being low-paid domestic servants (also under threat from robotics), people carers or artists, say Or they indulge in what Adair Turner, …

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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 22

C. Trade Unions vote for Brexit

Some Trade Unions are beginning to realise the benefit of being free of the constraints placed upon the UK by the EU For example, the recent takeover of Opel/ Vauxhall by the French company PSA once would have been judged ‘a disaster’ because of expected closures and job losses: Now, the local Labour MP, Kelvin …

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Sep 03

C. Remote working

A Northern Ireland finance firm, AKFP Group, closed its HQ for a full month in July for a ‘remote working initiative’ They found it boosted both staff morale and productivity Staff were allowed to work from locations of their choice – the result was ‘they reaped the benefits of being able to change venues, eradicate …

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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 02

C. Regional development needed

Several top business leaders are now pushing for government development of the regions as the best way to get UK productivity out of the current doldrums, back on track and closing the gap with the rest of the G7 In particular, they focus on the need to greatly improve public transport within, not between, those …

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Sep 01

C. Skills mismatches, training failures!

A report by the Institute of Public Policy Research (IPPR) claims the number of ‘overeducated’ UK workers has increased by a third over the past decade – companies are failing to make use of their skills There is also a mismatch between employees’ training and what employers find useful And yet they say: “About a …

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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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