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 ways to increase R&D investment, and workers’ skills In particular, it covers five areas for productivity improvement – Ideas, People, Infrastructure, Places and Business environment Four “grand challenges” are also recognised: Artificial intelligence and machine learning Clean growth …

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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 …

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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 …

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UK strengths far outweigh weaknesses

Listening to the ex UK foreign secretary, David Miliband, on the BBC Today  programme as he continued to bang his tiresome ‘remainer’ drum, one was prompted to ask: “Did he not hear the result of the referendum? Most people are fed up with being told what to do by arrogant, unelected , unimpressive and overpaid bureaucrats based …

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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 …

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