The productivity puzzle

The London School of Economics refer to the ‘productivity puzzle’, on the basis that there’s no definitive reason for the position the UK finds itself in. They point out that while low productivity is understandable in a recession when there is under-utilisation of resources if companies hold on to their staff complement, but as the economy picks up, so productivity should rise, not head in the opposite direction.

Looking at how leading organisations define productivity, what they consider to be the key components, how productivity should be measured, and what can be done to effect improvements, is a report commissioned by Gosport-based Lean business specialists, Fedden USP and published by DECISION magazine.

Is it the case that maybe productivity isn’t something which can be considered as a separate entity, that it comes out of a company’s culture, its relationship with its staff, approach to customer service, investment policy, and encouragement of investment?

Helping businesses improve their bottom line, Fedden USP enables them to improve productivity, service levels and also the levels of innovation within their product and service offerings. In addition to bespoke consultancy, Fedden USP holds courses on the Lean principles to create more value with fewer resources and reduced waste.