Category: 01. Overall

Covid-19 kickstarts gigification of knowledge work

A long-needed article in the Harvard Business Review by Sameer Hasija, V ‘Paddy’ Padmanabhan and Prashant Rampai promotes an inevitable change in the way much ‘knowledge work’ will be conducted in future – back in the 80s, we ‘gigified’ much of our Productivity Services Division’s consultancy work, much to the disdain of many in the …

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Rebuilding the Economy Around Good Jobs

A prescient article in the Harvard Business Review by Professor Zeynep Ton In countries hit by the Covid-19 pandemic, customer-facing service businesses don’t just face a tough two to three months; they face a tough two to three years. Because people will still be nervous about catching the disease until a vaccine is widely available, …

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Productivity, Credit and Debt – video

A great 30 minute YouTube video – “How the Economic Machine Works” – is well worth watching It was made some years ago by Ray Dalio, Co-Chief Investment Officer & Co-Chairman of Bridgewater Associates He explains the fundamentals behind how national economies work, how human nature makes credit and debt cycles inevitable, and how, ultimately, …

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Piketty tackles inequality

Thomas Piketty, the French economist ‘rock star’, has just published a new tome – Capital and Ideology – a mere 1,100 pages of it David Smith reported in the Sunday Times that ‘it looks at inequality regimes over time’ Key points Piketty makes include: “Every human society must justify its inequalities” – but notes that the …

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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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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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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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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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