Prioritizing Productivity to Drive Growth, Competitiveness, and Profitability: Strategic Overview

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Prioritizing Productivity to Drive Growth, Competitiveness, and Profitability: Strategic Overview

Business and Household Indicators People and Culture

Author: Abdul Erumban, Ataman Ozyildirim, Bart van Ark, Conference Board Inc., Elizabeth Crofoot, Gad Levanon, Prajakta Bhide

$210.00

The rise in the efficiency of global production is only about a quarter of what it was 10 years ago. To maintain living standards and global economic growth, productivity growth will need to be increased by 60 percent compared to the last 10 years … a tall order. But it’s not about working your workforce harder—working smarter is the more sustainable way to increase productivity, through technology and innovation. This report details the state of productivity worldwide, the implications of declining productivity over the next 10 years, and the best approaches to drive productivity as well as the key principles of those approaches.

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As global growth and pricing power remain weak, productivity will be the prime source of competitiveness and profitability for most companies—and technology and innovation will need to reemerge as the main drivers of productivity.

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