Most people - including me - would answer immediately - and say ‘No’. However, things are not so simple. Think of recent large-scale innovation changes. Nuclear power for example. Or space exploration. Such massive innovations could not have happened without large-scale investment (and planning and coordination) from governments. Other innovations cannot be fully diffused into markets without
The NHS (National Health Service) in the UK is regarded by many British people as ‘the jewel in the crown’ - by far the most important public service. Over the last decade, though, there has been increasing disappointment with the state of the service - with the COVID pandemic putting a large nail in the coffin. Though
Reading documents and even blog posts about productivity would lead one to believe that the only purpose of improving productivity is to raise profits. That is true at the level of the firm … but sometimes we need to take a wider view. At the national level, raising economic performance by improving national productivity is clearly
Even though productivity has been rising slowly in the last few years, America still tops the international league table for productivity. Why is this? Well, possibly the most significant reasons are: Firstly, America is a high-tech country. It leads the way in software development , and probably still in hardware design. America therefore implements new technologies as an
Most of us have been in a situation at work where rules have been enforced which are clearly stupid to anyone with common sense. If you doubt this, you need to read ‘Dilbert’ more. Do you want your employees to obey rules which, to them, are ridiculous …. or do you want them to challenge those
Spoiler alert!. Yes, it does! Manufacturing, in spite of continual productivity gains over several decades, is a large employer. But it also employs a multiple more (often several multiples more) in the wider supply chain - those providing parts, components and ancillary services to the large main manufacturing organisations - the factories themselves. Manufacturing often supports
I read a report recently which suggested that the workforce in Pakistan lacks both appropriate skills and the work ethic needed to significantly improve productivity. (This is not of course exclusive to Pakistan - it is true of a quiet a few places - or even industrial sectors.) The report then simply moved on to
How does a government kickstart productivity improvement? Well one possible answer Is to benchmark and challenge. A government can set up benchmarking across specific sectors it thinks are important for future growth. It starts by asking firms in the sector what is important in creating future growth - and then setting up a measurement scheme
Todays’ students are happy to use technology as part of the learning process. However, teachers and parents are worried about the distraction effect of technology when students go ‘off topic’ and start browsing and exploring subjects not relevant to their current study. Teachers do, however, understand the potential for technology to help create engaging
The UK is technically in recession - it has had two consecutive quarters with negative growth. Worse, the economy has been at best stagnant for over two years and productivity has been falling. Our Prime Minister, when he got the job, gave 5 pledges, one of which was to grow the economy. He failed in four