Yet again, an interesting and worthy article from the only big and well-known management consultancy that recognises the importance and breadth of all to do with productivity improvement – McKinsey & Company They say: “Every company understands how crucial return on investment is. But how many view return on talent the same way?” They claim: …
Category: 14. Analyses
Apr 16
Steve Jobs’ advice on becoming more productive Is quite brilliant
Inc.com published an article by Marcel Schwantes, founder and Chief Human Officer, Leadership From the Core Steve Jobs is most famous for founding Apple and turning it into one of the biggest and most valuable brands ever. One may think that Jobs juggled lots of massive projects at once to reach the pinnacle of success. But he actually credited much …
Feb 14
Zipf’s Law
Zipf’s law is a mysterious, empirical law – it’s also linked to Pareto’s rule: It suggests limits on the size of companies and their share of markets According to Annalee Newitz, the editor of i09, in 1949 linguist George Zipf noticed that people used a very small number of words most of the time – …
May 13
Blinkered analyses
When analysing the causes of a problem and seeking a solution, one should consider a few pearls from The Undoing Project by Michael Lewis: Once an uncertain situation has been perceived or interpreted in a particular fashion, it is quite difficult to view it in any other way Images of the future are shaped by …
Mar 23
Pareto analyses
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 …
Pin factory productivity
Adam Smith illustrated how the division of labour could improve productivity in the famous small pin factory example he used in his tome ‘Wealth of Nations’, 1776, viz: 10 workers, each specialising in a different aspect of the work , could produce over 48,000 pins a day However, if each of these ten workers had made …