Strategic Insights – Future Productivity Drivers

Strategic Insights – Future Productivity Drivers

Highlights by David Willden


“Gearing for Growth Future Drivers 
of Corporate Productivity” Highlights

Strategic Insights - Future Productivity Drivers. The Economist Intelligence Unit conducted research to determine approaches businesses across industries and the world are taking to improve productivity. The research entailed:

  • Conducting interviews with productivity experts, senior executions and managers
  • Receiving surveys from 379 businesses world-wide45% were firms with $500m or less in revenue42% were firms with $1b or more in revenue
  • Combing through previous research findings and literature on the topic


THE FOLLOWING ARE SOME OF THE QUESTIONS AND RESPONSES FROM THE SURVEY:

What approaches are firms form all sectors taking to improve productivity?

  1. Managing human capital more effectively
  2. Making the right top-level strategic choices
  3. Using the best available technology
  4. Reducing operational costs per sale/per unit of output
  5. Removing regulatory restrictions in the market

What are the biggest barriers to people productivity?

  1. Overstretched/lack of investment in sufficient human resource levels
  2. Lack of employee motivation/engagement
  3. Poor performance tracking/ management
  4. Poor compensation / reward scheme

What technology has had the biggest impact on productivity?

  1. Mobile working (e.g., blackberries, laptops)
  2. Customer analytics
  3. Video conferencing
  4. Collaboration software
  5. Enterprise resource planning system (e.g., SAP, Oracle)
  6. Cloud computer (e.g., sharing IT resources remotely)
  7. Social media for client/customer interaction

What technologies are expected in the next 12 months to have the biggest impact on productivity?

      1. Customer analytics
      2. Social media for client/customer interaction
      3. Cloud computing
      4. Video conferencing
      5. Social media for internal interaction
      6. Collaboration software
      7. Enterprise resource planning system
      8. Mobile working

To access and download the full report click on link:


http://lightbulb-factory.com/2011/05/16/gearing-for-growth-future-drivers-of-corporate-productivity/

Strategic Insights – Future Productivity Drivers