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The productivity puzzle: Why skills and innovation are the missing pieces

Created: 29 Nov 2012

Publication: Smart Company
Title: The productivity puzzle: Why skills and innovation are the missing pieces
Date: 28 November 2012

Excerpt: "We know productivity is largely determined in the workplace, but the traditional economic understanding of productivity works best at the national level of the whole economy. Once we drill down to organisations it is not always so clear."

"Many businesses do not have effective performance measurement systems in place, especially in the service sector. An important starting point to address the issue of productivity would be to encourage small and family businesses to adopt effective performance measurement. This issue goes to the requirement for upgrading management skills mentioned in the McKell Report."

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