Tag Archive: Waste

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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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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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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Action needed post Brexit

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 – echoing …

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Productivity and Compensation growing together

Some measured sense from James Sherk of the Heritage Organisation President John F. Kennedy believed that “a rising tide lifts all boats” but many question if that remains true today – they point to data showing that productivity has risen sharply since the 1970s whilst wages have stagnated – they conclude that productivity-driven economic growth …

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Bertrand Russell v Adam Smith – Productivity and pins

Russell wrote the following many years ago – in response to Adam Smith’s piece about productivity and a pin manufacturer                                             In praise of idleness Suppose that, at a given moment, a certain number of people are engaged in the manufacture of pins – they make as many pins as the world needs, working eight …

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