Understanding Productivity
What is Productivity?
Productivity is a much maligned concept – always claimed as the reason for cost-cutting and job losses. Successful companies, however, work to increase productivity by adding value, leading to sustainable growth.
In the course of their work, pbas continually encounter the key government objective, which aspires to increase the productivity of UK companies. The Department for Trade and Industry has as its over arching PSA target 1, as the need to raise the rate of UK productivity growth.
Productivity is easily defined but much misunderstood.
pbas ’ programme, “Understanding Productivity” features: -
- Where the UK is positioned relative to Europe, Japan and USA?
- Why it is important to sustain growth through increased in productivity?
- What do companies need to do, with an emphasis on adding value not reducing cost?
- Where does government intervention fit?
- Spend vs. Tax
- Direct Support vs. Economic climate - What do advisers to businesses need to be good at and what are their characteristics?