Category: 06. Plans

UK industrial strategy

The UK government’s ‘Industrial Strategy’ for making the UK more competitive and the economy better-balanced essentially involves increasing R&D investment and workers’ skills It considers five areas for productivity improvement – Ideas, People, Infrastructure, Places and Business environment – and recognises four grand challenges: Artificial intelligence and machine learning Clean growth Future mobility Ageing society …

Continue reading

Most plans go unseen or unused

The following is an extract from ‘Productivity Knowhow’ A good corporate plan is a punchy summary of where an organisation aims to be in five years’ time and, broadly, how it is to get there   Essentially, the plan should define the organisation’s ‘business model’ – how it will be better than its rivals and …

Continue reading

Free markets need reins

According to Adam Smith in his The Wealth of Nations:  ‘When a businessman has greater profits than he needs to maintain his own family he uses the surplus to employ more assistants to further increase his profits -and the more profits he has, the more assistants he can employ – thus an increase in profits …

Continue reading

Business lives getting shorter

In an article in the Sunday Times, Luke Johnson, chairman of Risk Capital Partners, says turnarounds need exceptional managers or ‘company doctors’ and a radical agenda – and not many are equipped for the job First, why do many businesses fail in the short term, and virtually all in the longer term? In 1950 the …

Continue reading

Implementing plans requires stamina

A good corporate plan is a punchy summary of where an organisation aims to be in five years time, say, and broadly how it is to get there Essentially, the plan should define the organisation’s business model – how it will conduct its business, be better than its rivals and be harder to copy Good …

Continue reading

By George, ‘every company is dying’

According to Sir George Buckley, a top quality UK export from the North of England to the USA and now Chairman of Stanley Black & Decker and Smiths Group,  the ‘basic building blocks are the same in all companies’ George says: ‘At the 30,000ft level, every company needs: A dream To know what it wants …

Continue reading