Harry Parsons’ Post

⚡ Be the Business has published its manifesto for change, which calls for refocusing of government policies towards generating demand for productivity-boosting business support and embedding a culture of continuous improvement among SMEs. Read the report below ⬇

Increasing productivity and innovation in Scotland is crucial to transforming the economy. Read about our partnership with Peer Works, an initiative delivered by Prosper, and the University of Glasgow / University of Glasgow Adam Smith Business School to help drive productivity across Scottish businesses: https://lnkd.in/evDn_-J4

🔍 Our 5th and final ask, creating an independent statutory Productivity Commission, is close to our hearts and central to our mission of fostering a more productive, inclusive, and forward-thinking UK. It’s widely accepted that for the UK to achieve sustainable growth, we need to improve productivity. At @Be the Business for the last five years we've added over £491m gross value to the UK economy 💪 Why is this important? 📈 Driving productivity: Our proposal aims to place the UK at the forefront of innovation and efficiency. 🤝 Unified leadership: By pairing business acumen with economic insight, the commission promises a balanced, informed approach to tackling productivity challenges. 📊 Evidence-based recommendations: Armed with data and expert analysis, the commission will provide recommendations that pave the way for tangible improvements. Read our full manifesto here: https://lnkd.in/e8WawZa6 The Productivity Institute Federation of Small Businesses (FSB) The Labour Party The Conservative Party Anthony Impey MBE Dean Thompson PhD Sophia Wedderkopp Steven Lambert Eleanor E Eilidh McDade Angela Veljanoska Jurga Zilinskiene MBE Chris Mayne Matthew Houlihan Chantelle de Villiers Sam Grace, Beth Mitchell Andy Hulme FRSA Adeel H. Thomas Burton Charlotte Keenan Michelle Cuomo Boorer Chris CCMI FCIPD Amanda Wood FCIPS FCILT FIoL Ben Powell, Andrew Harrison Glenn Bemment Alishah Shariff Matthew Byrom Peter McIntyre    #ukeconomy  #productivitymanifesto #BtBmanifesto #ai #productivity #UKsuperpower #bethechange

OECD Reviving productivity growth: A review of policies [7 October 2024] https://lnkd.in/gMFdbhTg or https://lnkd.in/g5i93khq This review takes stock of the large body of evidence on aggregate productivity growth, its structural drivers, and the role of a wide range of policies. It aims to synthesise evidence on how public policies can promote productivity through their impacts on both the incentives and the capabilities of businesses and workers, taking account of different specificities of firms at the frontier and below, and integrating complementarities across policy areas. It also identifies gaps in knowledge, thus offering potential directions for future work.

There’s much talk about Canada’s productivity crisis. Disagreement on how to solve this persists. Our Unconstrained team offers a strong and valid prescription – in two parts.   David Kane speaks to the absurdity of having small and medium-sized business focus their attention on investing in new technologies, when what’s needed is a focus on scaling what they already have: https://lnkd.in/gcb5CnjV   Derek Hudson emphasizes the need for business leaders to make their current businesses better and speaks to how to get that in motion, without waiting for a government-induced solution: https://lnkd.in/gK68Nv9E   #canada #canadaproductivitycrisis #productivityprescription #essentialdynamics #unconstrained  

A solid prescription for Canada's productivity crisis! Here are two quick reads on what Unconstrained knows can reinforce Canadian businesses to fix this crisis. #canadaproducitivitycrisis #getunconstrained #consideryourquest #essentialdynamics

We're not just about identifying challenges - we're all about solutions. 💼 🌱 The Be the Business manifesto is a testament to our dedication to boosting small business productivity. This is the way to sustainable growth. We've pinpointed five policies for the next UK government to improve small business productivity and drive local, regional and national prosperity. Here's what we propose: 🔄 Refocus government policies to drive demand for productivity-boosting business support, instilling a culture of continuous improvement among SMEs. 💼 Place ambitious SMEs at the forefront of government policy, empowering existing business support networks to deliver targeted assistance directly to small business leaders. 📊 Consolidate existing data from HMRC and ONS to tailor and target business support measures for maximum impact, providing timely access to vital information. 🤖 Position the UK as an AI superpower by investing in research, ensuring global leadership in AI is effectively utilized across the SME landscape. 🏛️ Establish an independent statutory Productivity Commission, led jointly by business leaders and economists, to monitor progress and provide practical recommendations for enhancing UK productivity. To read our full manifesto click here: https://lnkd.in/e8WawZa6 The Productivity Institute Federation of Small Businesses (FSB) The Labour Party The Conservative Party #BetheBusiness #Smallbusinesses #Productivity #UKeconomy #ProductivityManifesto Anthony Sophia Dean Eleanor Eilidh Angela

Read Bart van Ark's piece for The Times where he sets out The Productivity Institute and the Centre for Economic Performance's call for a new statutory Growth and Productivity Institution for the UK: https://lnkd.in/epbMqYD7 The article also sets out the three key challenges for UK productivity growth that were identified in The Productivity Agenda: 🔔 Chronic underinvestment 🔔 Lack of knowledge diffusion 🔔 Institutional fragmentation Read Bart's chapter of the agenda with Anna Valero for more analysis of why a new statutory body is needed: https://lnkd.in/eyK9aHDV #productivity #growth #productivityagenda #investment #productivitymatters

Encouraging that UK has overtaken Italy after the Global Financial Crisis, but the gap between UK & Top 3 remains frustrating As indicated in this week's Green Paper "Invest 2035: The UK’s Modern Industrial Strategy", there is at last the promise of an Industrial Strategy to assist business in taking decisions. Many of these decisions could impact the Output per hour worked (#productivity). Traditionally, many commentators assume that output per hour worked can only by increased through transformation based upon capital investment. Whilst this can be hugely beneficial, there are other parts of the equation that can be adapted. It is possible to increase productivity within UK by a focus on revenue growth supported by reduction in wasteful hours invested. The focus on specific sectors will also allow more business decisions to be supported across markets, educational institutions and stakeholders. There's still time in Q4 2024 to drive up output per hour worked. If you'd like to know more - please get in touch #business #productivity #LessHoursInputByLessHoursWasted #continuousimprovement #leanmanufacturing #operationalexcellence #transformandsustainresults #changecanbesimple

The Productivity Commission’s work on industry policy has always stressed the importance of clear policy frameworks to justify interventions. Industry assistance comes with costs for all Australians through the budget and in diverting resources and jobs from areas where they would be more productive. Therefore, governments should offer such assistance with a clear eye to what they want to achieve and only after establishing it is an efficient way to reach that goal. That is why we have welcomed the National Interest Framework being adopted by the government to guide its Future Made in Australia investments and have encouraged its use for all areas and projects supported under the policy. Check out the latest opinion piece by PC Chair Danielle Wood and myself. #productivity #industrypolicy #ESG