Imagine for a moment that you are in charge of the country. Your country needs you to increase its competitiveness… you know the best way to do this is to improve its productivity. Of course, what you might do will depend very much on the country you are in charge of … its current economy,
Sometimes we want output to go down .. sometimes we even want people doing as little work as possible. Think of maintenance engineers ... we want them efficiently and effectively involved in preventative maintenance. We want them sat down the rest of the time (if there is any 'rest of the time') .. we don't
Food inflation combined with inadequate gains in productivity are clear indicators that our ability to feed a rapidly growing population is at serious risk without swift action. Example 1 Eggs are one of the most basic, affordable protein sources that people around the world depend upon. But, in recent years, production has been declining by
I've talked in the past about the need to improve agricultural productivity to keep the world fed. This was brought home to me this week when I read an astonishing fact. (Assuming, of course, that this is true ... and I have no reason to doubt it.) "The world will need as much food in
At the recent Rio summit (the less than spectacular one) there was some discussion about whether GDP is the best measure of a nation's well-being ... in an age where we are increasingly looking at the negative impact (on the environment) of increased industrial activity. The World Confederation of Productivity Science has been looking at
You will recognise the 3 word in the title to this post as being .... well, what, exactly? related terms? or synonyms? If you do a search for these terms online, you can find lots of definitions and lots of ratios ... many go which are just plain wrong! In descriptive terms, efficiency is doing