‘PRODUCTIVITY KNOWHOW REVISITED’ – Contents:
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Productivity overall:
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Why productivity – the panacea for growth
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Why so important for people, organisations, nations
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Current management views
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Scope to improve:
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Distribution of productivity levels
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The ‘S’ curve
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Scope per sector
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The Productivity Revolution:
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Evolution of revolutions
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Agricultural, Industrial, Service, Communication revolutions
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Globalisation, Knowledge, Leisure revolutions
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Productivity Drivers:
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Management
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Invention & Innovation – Investment
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Competition – Luck
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Productivity improvement process:
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Five stage process
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Steps for improvement
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‘Ratchet effect’
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Corporate Plans:
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Why have a plan?
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Aims, Products & Services, Markets & Customers
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SWOT analyses – Action plans
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Cardinal Measures:
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‘Good’ and ‘Bad’ measures
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Balanced Scorecards – KRAs
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Cardinal model – Current measurement gaps
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Financial Cardinals:
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Traditional financial measures – Tangible and intangible assets
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Unit costs – Economies of scale
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Investors’ criteria – Stock market cycles
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Customer Cardinals:
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Customer satisfaction v dissatisfaction
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Quality sieves, internal & external – VFM
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Price, Quality & Service Indices – PI, QI, SI
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Productivity & Waste Cardinals:
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Why and where to measure
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Productivity ratios – Outputs/ Inputs
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Waste measures – Resource AUE%
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Employee Motivation Cardinal:
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Motivation impact
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Popular theories –, Maslow, Theory X v Y, Herzberg, Hawthorne
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Motivation Index – MI – Job design & working environment factors
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Corporate Knowledge Cardinal:
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Corporate knowledge (K) – Intellectual Property (IP)
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Brawn v Brainwork – Knowledge workers – K ladder – K grid
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Knowledge Index – KI = K AUE%
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Targets:
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Reference periods (RPs), Budgets
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Best practices (BPs), Waypoints, Goals, Dreams
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Target setting – Pitfalls
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Productivity Analyses:
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Gather facts & opinions – Scope to improve?
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Review options for improvement – CBAs
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Select specific projects
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Special improvement projects:
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Set up – Terms of Reference, Timetable, Team selection
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Solve – Fact find, Pareto, ‘Critical Examinations’, Develop solutions
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Implement changes – Communicate, Instal, Nurse
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Organisation level improvement:
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Products & Services – Ideas, Failures, Prototyping, Diversify, Divest
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Markets & Customers – Existing & New market penetration
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Management – M&As, T & D, WFH, Pay levels
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Process level improvement:
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Production v Services – Process differences
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Process reviews – Cut waste, Optimise existing, Invest in new
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OCTs, SPC, 6ơ, OR, WS, MS, Workflows, Outsourcing, ICT, AI
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Task level improvement:
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Right outputs – Volumes, Quality
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Right methods – Task times – ‘’Pin factory’ debate
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Right input resources – Labour, ‘Baumol effect’ – Materials – Capital
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Continuous Improvement – CI:
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CI projects – ‘Quality Circles’
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Employee suggestion schemes
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CI benefits
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National Productivity:
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Why important nationally
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National Outputs/ Inputs – GDP/ (Labour, Materials, Energy, Capex)
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National productivity, prosperity, well-being
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Global Productivity:
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Prosperity gaps
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Foreign aid
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Global action needed
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