Strategic productivity

Strategic productivity provides an opportunity to refine business strategy beyond just focusing on the top and bottom lines.

Strategic productivity requires a compelling narrative. What does a productivity programme aim to achieve, who will benefit, and does it take to achieve it?

The Productivity Institute has determined five drivers of business productivity:

• Innovation and Digital revolutionise how businesses operate and deliver value – incorporating research and development, as well as AI.
• Worker Skills and Well-Being leverages a skilled and motivated workforce as the engine of productivity – health and diversity are key elements.
• Leadership and Management can foster a culture that values productivity – management competencies and an agile workforce are crucial.
• Mobilising Finance unlocks the capital need to invest in productivity-enhancing initiatives – access to start-up capital and venture capital are critical parts of the toolbox.
• Marketing and Communication ensure that the value proposition is compelling to both customers and employees – brand and internal and external communication are major factors.