Category: 01. Overview

Three Factors Of Successful Companies

Kweilin Ellingrud, a senior partner at McKinsey & Co, contributed the following interesting article to Forbes magazine   It’s been 12 years since the last recession, when the World Bank estimates that global GDP fell by 1.7%. But some companies were better prepared than others: their revenues didn’t fall as far and, as the recession …

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Mentalism overtaking Materialism

According to official statistics, the GDPs of all G7 developed nations have been trending flat, even downward, over the last decade and more The big question is whether, at the turn of the century, the G7 reached a watershed between their old 20th century materialist economies and the new 21st century mentalist economies – the …

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Economists’ information gap

Robert Samuelson, an economic journalist writing in the Washington Post, says: “Many economists often don’t know what’s going on” How refreshing to read this breeze of commonsense after being buffeted by gales of expert opinion and advice from the government and its agencies, economic think-tanks or the media The following is a precis of his …

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The evolution and future of productivity

The Universe is some 15 billion years old, apparently – ‘Big Bang’ followed, some 10 billion years later, spawning Planet Earth – then, over the last 4.5 billion years, life appeared on Earth and a wide variety of species, both flora and fauna, eventually emerged At first, resources needed for their survival – food or sunlight, say …

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Deaf ears encore une fois

Barnes Wallis, the English scientist of ‘bouncing bomb’ fame, once said: “There is a natural opposition among men to anything they have not thought of themselves” He might better have said ‘western men’ – ‘eastern men’ can be ‘all ears’ Once upon a time, just after WW2, three eminent American statisticians tried to convince US …

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Value overtakes price

In The Value of Everything by Mariana Mazzucato, Professor in Economics of Innovation and Public Value, University College, London, she firstquotes Oscar Wilde: “A cynic knows the price of everything but the value of nothing” Her whole book then questions ‘where does value come from – what creates, extracts and destroys it?’ I am no economist, so …

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The future is mental

Some say we won’t need to buy anything in future – we won’t own a thing Indeed, according to Trip Adler, founder of Scribd, a book and newspaper subscription service: “In future, you’ll just pay one thing and then have total freedom to consume what you want” Netflix for video, Amazon for shopping, Spotify for …

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Micro and Macro productivity

Productivity is a measure of how efficiently outputs are produced from costly inputs Sounds simple – but, if it means anything to anyone, it can also mean different things to different people, especially when used at micro or macro levels At the MICRO/ ORGANISATION LEVEL productivity measurement is used to: Check that most output is being …

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Buffett bullish on the future

Warren Buffett, stock-picker extraordinaire and CEO of Berkshire Hathaway, is one of the richest men in the world – his words are invariably ‘pearls of wisdom’ His optimism contrasts well with the pessimism of his fellow-countryman Professor Robert Gordon who claims progress, and so prosperity, has peaked A precis of a recent bullish article by …

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SoL and QoL outcomes sought from productivity

Productivity is always in the news, not least because Nobel economist Paul Krugman says: “A country’s ability to improve its standard of living over time depends almost entirely on its ability to raise output per worker” Productivity not only determines the SoL (Standard of Living) of everyone in the land but it also has a significant …

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Scanning the productivity horizon

First, productivity improvement transformed the agriculture sector providing millions more people with more and better quality of food and drink at more affordable prices Then it was manufacturing’s turn, providing more and better clothes and shoes, white goods and cookers, bikes, cars or planes – all making lives easier and getting from A to B …

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Future wealth will be different

There’s a world of difference between material and mental worlds The human race has reached a watershed, a tipping point, between the two where the mature benefits of the former seem to be peaking whilst the early benefits of the latter are rapidly taking hold So how do we differentiate between them? Material wealth = …

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Why chase productivity improvement?

1. Productivity improvement (PI) at national level has the following aims: To improve the standard of living (SoL) of all in the land, mostly by producing more and better material goods and services at more affordable prices whilst using fewer limited and so costly resources To increase the number, quality and rewards of jobs for …

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Productivity sure aint ‘dull’

The following is a letter sent to the Sunday Times on 17 July, 2017 following an article by Andrew Marr, the broadcaster and journalist, which concludes that ‘productivity is dull’ Productivity has transformed the lives of most people in the UK What were luxuries for a select few a mere 100 years ago, if they even …

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Myths about productivity?

An interesting set of views and counter claims about productivity were found on Google: It leads to higher wages: It doesn’t It needs collective bargaining, but unions have mostly lost their influence It doesn’t result in fewer jobs: In an ideal world, it would lead to increased output, increased market share and even increased number of …

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