FIVE LEADERSHIP LESSONS THAT WILL Help you Boost Productivity
Today, businesses are presented with a plethora of opportunities arising from digital transformation. However, not all business leaders know how they can turn such opportunities into tangible value for their organisation. The lingering challenge is how they can drive successful digital transformation strategies to improve productivity and ensure business growth.
Increasing productivity can create accelerated growth and profit for businesses. And it also drives economic growth, which in turn creates new jobs and improves living standards. The IMF estimates that GDP in advanced economies would be about five percent higher today if the pre-crisis productivity growth trend had continued. However, a recent IMF report revealed that productivity in developed economies has declined dramatically since the economic crisis and remains sluggish, with political instability, global trade decline and the slow pace of technology innovation being cited as the key factors contributing to the poor results. And while businesses have no control over the geopolitical environment, they can control technology deployment in their own facilities and this is where the big opportunity lies.
Our own estimates suggest that
