Putting Productivity In The Front Seat
August 21st, 2009
Business NZ has been casting its eye over productivity and how to lift it in NZ. It says the buck stops with the private sector to generate more wealth and lift the country’s living standards. It says every NZ business large and small should be addressing the basics of productivity. These are:
1. Management investing in our own capability.
2. Investing in the best and most up-to-date plant and infrastructure.
3. Investing in up-skilling.
4. Working on running an effective and efficient organisation.
5. Looking for new market opportunities, including expanding existing markets particularly overseas.
The private sector must take the lead in wealth generation, but the Govt needs to support this ambition. The Govt can’t turn a profit for business through productivity but it can provide a regulatory framework which can enhance productivity.
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