
Against the backdrop of a range of geo-political and societal risks and challenges, and a set of macroeconomic schisms (a deflated Eurozone, volatile capital markets in the Far East, a nonchalant North American production cycle and a rapidly growing MENA and African middle class), the need to address productivity comes a very poor last place in the priorities of the world.
Although it is generally accepted there are continuing improvements in living standards, prosperity and technology worldwide, what is becoming increasingly worrying is the fact there is a general global slowdown in efficient output, which in turn may lead to reductions in production output. So, those efficiencies we are now reaping success from will ultimately lead to our slow demise as every technological or societal advance will be based upon a diminishing and incremental overall benefit. The productivity conundrum is ultimately pointing to the reality of low growth rates – and whilst this might be a symptom of (largely) stable and mature economic markets, it continues to raise questions when we try to equate efficiency versus effectiveness (with more powerful technologies and automation why can’t we increase productivity any further?). Productivity is, in many ways, becoming an oxymoron in itself. But what can organisations deal with the situation?- Here’s how you can plug your productivity gap
- How three UK firms upped productivity with three simple investments
- Seven time-saving apps entrepreneurs use to boost productivity
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