Tag Archive: Productivity gaps

Jun 28

AI the next GPT?

June, 2017 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 $15.7trn The greatest gains will be realised in China and North America Anand Rao, global leader of AI at PWC …

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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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Apr 15

Passports for Productivity Improvement?

April, 2017 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, …

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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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Productivity puzzle – the MIRACLE solution

December, 2016 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 …

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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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