With the exchange rates no longer offering us much assistance, competition increasing and the UK's output and productivity woeful, the big question has to be:
"What business practices actually do drive increased productivity?"
Which of the following practices have been shown, over a 22 year period and across 308 (UK) businesses, to be the most important drivers of increased productivity? Is it:
A) TQM?
B) Just In Time management?
C) Information Technology?
D) Supply Chain Partnerships?
E) Teamwork?
F) Empowerment?
G) Staff development?
Perhaps surprisingly, people practices are the most important – and by a considerable margin. Empowering people produced a 7% increase in productivity and staff development a 6% increase. The first four have no statistically significant, enduring impact on productivity.
Read more: “The impact of human resource and operational management practices on company productivity …” by K Birdi et al, Personnel Psychology, Autumn 2008
"What business practices actually do drive increased productivity?"
Which of the following practices have been shown, over a 22 year period and across 308 (UK) businesses, to be the most important drivers of increased productivity? Is it:
A) TQM?
B) Just In Time management?
C) Information Technology?
D) Supply Chain Partnerships?
E) Teamwork?
F) Empowerment?
G) Staff development?
Perhaps surprisingly, people practices are the most important – and by a considerable margin. Empowering people produced a 7% increase in productivity and staff development a 6% increase. The first four have no statistically significant, enduring impact on productivity.
Read more: “The impact of human resource and operational management practices on company productivity …” by K Birdi et al, Personnel Psychology, Autumn 2008
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