Tag: Performance

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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Financial cardinals needed

Of the many financial measures available, only three qualify as financial cardinals – the ones whose alarm bells must ring to prompt action in good time They are total revenue, total cost and profitability They’re ‘catch-all’ measures covering all outputs, outcomes and inputs: Total revenue covers net outputs sold and outcomes the customers took into …

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Misleading research metrics

In an article entitled ‘Capitalism is ruining science’, Meagan Day (for www.jacobinmag.com) points out that universities existed before capitalism and pursued not profit but truth and knowledge But no longer The modern university has become increasingly subservient to the imperatives of capitalism i.e. competition, profit maximisation and increasing labour productivity In academia, this manifests itself as …

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ICT for processes – Pearls from Gates

Bill Gates, founder of Microsoft, suggested the following applications for ICT – Information and Communications Technology For knowledge work: Insist that communications flow through the organisation over e-mail so that you can act on news with reflex-speed Study sales data on-line to easily find patterns, share insights, understand overall trends and personalise service for individual …

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Beware taking the IT plunge

Professor John Seddon, CEO of Vanguard Consultants issued the following wake-up call for business leaders investing in the digital bandwagon The Big Consultancies too often peddle unnecessarily complex solutions to business problems, often not fully understanding the problem causes in the first place For example, Western quality problems in the 80s/ 90s were addressed by the …

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