- In G7 nations, the evidence suggests there are many more organisations performing below rather than above the median
- Not only that:
- 80% never seek to improve by much at all
- Most of the other 20% only target the next performance level up and, once that is achieved, elect to stick
- The fact is that most G7 organisations, across both public and private sectors, could improve their productivity levels by at least 20%, many by much more
- However, most seek paltry 1% or 2% improvements at best, and their managers are happy if they achieve them
- This attitude costs nations big-time
- A 20% productivity improvement across all sectors could translate into a saving of at least 20% of a nation’s GDP
- For the UK alone, this would be an annual saving of at least £300 billion each and every year