Tag Archive: Productivity gaps

May 15

Productivity positions built on sand

  On Fri, May 12, 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? …

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May 11

Unipart & Vanguard show ‘Ways’ for BIG improvements

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 …

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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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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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Productivity puzzle – the MIRACLE solution

The US is worried about the puzzle of their low GDP and productivity growth – likewise the UK and other G7 nations – all are 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 …

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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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“All we know is that productivity is really bad”

The above quote is from Dominic Konstam of Deutsche Bank when interviewed on Bloomberg – apparently ‘nothing is clear’ but bad productivity might be due to “over-employing versus investment taking place” and that might be due to employers expecting demand to improve, but it hasn’t (yet) It’s just another example of a top banker who …

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