In G7 nations, the evidence suggests there are many more organisations performing below rather than above the median
Not only that:
80% never seek to improve by much at all
Most of the other 20% only target the next performance level up and, once that is achieved, elect to do little more
The fact is that most G7 organisations, across both public and private sectors, could improve their productivity levels by at least 20% – many by much more
However, most seek paltry 1% or 2% improvements at best, and their managers are happy if they achieve them
This attitude costs nations big-time – a 20% productivity improvement across all sectors could translate into a saving of at least 20% of a nation’s GDP
For the UK alone, this would be an annual saving of at least £300 billion each and every year
