Tag Archive: Measures

Feb 24

Current measures have huge gaps

Most managers, whether at task, process or organisation level, lack the comprehensive set of performance measures they need to cover all their KRAs (Key Result Areas) In effect, they’re flying blind Current coverage is estimated to be as follows: 90% – Financial results – in particular, Revenue, Costs, Profits – at board level, they might …

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Feb 17

Happiness beats GDP hands down

Economist Ed Conway claims in The Times that “GDP is actually pretty good at measuring the total amount of income generated in Britain” His main point is that: Every politician from right to left obsesses about income above all other measures of progress Yet income comes surprisingly far down the list of what really matters …

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Feb 17

Much innovation not reflected in statistics

Susan Athey, ex Microsoft and now Expedia and winner of a prestigious medal for being the best US technology economist, was interviewed by journalist Ana Fuentes The following are extracts from her article: Q. Global growth, now running at 3.5%, might be a lot higher if we took into account the whole contribution from digitalisation …

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Feb 09

NZ Productivity Commission slams their public sector

A new NZPC (New Zealand Productivity Commission) report slams parts of their public sector for inefficiency It says the private sector measures its productivity but the public sector falls short despite $40 billion being spent every year on such as health, education, justice, law and order and social welfare “The New Zealand government has been …

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Jan 25

GVA versus GDP

There is an alternative to GDP for measuring the state of an overall economy – GVA – Gross Value Added GVA claims to measure the contribution of each individual producer, industry or sector GVA = Output value – Intermediate consumption (too complex for most) Other definitions include: The value of the amount of goods and …

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