Tag Archive: Scope

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 12

CEOs rate potential of new technology ‘very low’

May, 2017 A new Gartner survey of 388 CEOs/ senior executives found they rated as “very low” the potential for productivity improvement from new breakthrough technologies i.e. IoT, AI, blockchain (secure databases) and 3D printing In particular, when asked for their ‘top enabling technology for improving productivity’: Only 2% chose IoT – and only 1% picked …

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

September, 2016 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 …

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“All we know is that productivity is really bad”

August, 2016 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 …

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Action needed post Brexit

August, 2016 In the Guardian, Katie Allen  has just recommended SEVEN ways Prime Minister Theresa May could ‘lift the UK economy’s post-Brexit’ blues: Tax cuts – esp VAT More infrastructure spending Delaying the planned apprenticeship levy Boosting productivity via investment in innovation, education and infrastructure Reduced planned rises to the national living wage Helicopter money …

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GE announces ‘Big Data’ productivity gains

June, 2013 A new report from GE found that the Industrial Internet could add €2.2 trn to European GDP by 2030, boost productivity and spur economic expansion. The report, called The Industrial Internet – Pushing the Boundaries of Minds and Machines: A European Perspective, says that a mere 1 % increase in efficiency in healthcare, …

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