Tag: Scope

National productivity positions built on sand

On Friday, 12 May, 2017, I read an article about Chinese productivity posted by Bloomberg journalist Michael Schuman and sent him the following email: Michael, I read your article about Chinese productivity with great interest The first step in any major productivity improvement drive is indeed to establish the current position – where are you now? Most …

Continue reading

CEOs rate potential of new technology ‘very low’!

A new Gartner survey of 388 CEOs/ senior executives found they rated as “very low” the potential for productivity improvement from new breakthrough technologies such as IoT, AI, blockchain (secure databases) and 3D printing In particular, when asked for their ‘top enabling technology for improving productivity’: Only 2% chose IoT – and only 1% picked either …

Continue reading

Pareto for Productivity

Pareto, a 19th century Italian economist, spotted that “80% of effects arise from only 20% of possible causes” – apply this rule to national productivity levels and just the top quintile of companies determine whether improvements are made – and it has been ever thus In other words, the great majority of companies are doing …

Continue reading

Five steps for big improvements

AT ORGANISATION LEVEL There are various acronyms on offer for how to go about improvement projects viz: PDCA from TQM DMAIC from Six Sigma SREDIM from Work Study   All boil down to much the same process Managers, whatever their level and team size, need to take just five basic steps to make big productivity improvements …

Continue reading

Why do national productivity gaps persist?

Philip Hammond, UK Chancellor of the Exchequer, says: “It takes a German worker four days to produce what a UK worker makes in five” Others say much the same about French workers But such claims are not new, they’ve been made over the last 30 years at least The ONS data on which such claims …

Continue reading