Tag: Innovation

Competition drives innovation

An unforgettable lesson on the need to avoid protectionism, told by Joe Atikian in the Globe and Mail, USA Competition in an advanced economy leads to more science, more advanced engineering and better products. That lesson should have been fully ingrained in the 1950s, when Russia beat the United States into space and permanently retained the …

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CBI rides to the rescue

Having exchanged pleasant words about my new book Productivity Knowhow with the CBI’s Director General, Carolyn Fairbairn, and members of her team, I chanced upon a report they had written, entitled: FROM OSTRICH TO MAGPIE  In it, they:  “Set out to find new ways to tackle the striking variation in productivity that exists between UK firms …

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Japan falls down manufacturing productivity ladder

Back in the 80s, the West was besotted by the miracle performance levels of Japan’s manufacturing sector and mistakenly concluded that TQM – Total Quality Management – and ‘culture change’ was their secret Actually, it was mostly due to good performance measures, use of basic statistics and common sense in finding best ways to meet …

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Has innovation really peaked?

US economist Robert Gordon gets a lot of publicity these days for his dismal view that ‘technological innovation is declining in pace and impact compared to those of the 20th century’ – all set out in his book ‘The Rise and Fall of American Growth’ His whole thesis is based on economic growth statistics, GDP …

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AI to spark a new productivity boom?

A new productivity boom could be sparked by AI – Artificial Intelligence? Who says so? No less than two UK government ministers Culture Secretary Karen Bradley says: “AI has the potential to improve our every day lives” – precisely what productivity improvement is all about And Business Secretary Greg Clark claims: “Huge social and economic benefits …

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