Tag Archive: Waste

Aug 14

Why labour productivity alone?

Why do we measure just labour productivity when it’s the productivity of all costly resources used together that matters most: Because we always have done – it was relatively easy to count in the old manufacturing days? Because we still can? Because we can’t measure the productivity of capital and other inputs in an equivalent, …

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Jun 23

If Productivity is so important, why not measured?

Capita recently surveyed 250 managers and 250 workers across a range of UK industries including retail, logistics and construction They found a ‘huge disconnect’ between the number of managers who feel productivity is important and those who actually measure it Key findings were: Just 32% of bosses feel their business is very productive yet 71% …

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Jun 22

Political Parties’ Productivity Plans

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 next parliament …

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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 set …

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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 basic 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” – but is it?

The above quote is from a Bloomberg interview with Dominic Konstam of Deutsche Bank 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 yet another example of a top banker who is aware …

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