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Silicon Valley can provide tools, or perhaps supplant some industries, but the bulk of productivity improvement is internal to companies. I think the productivi
by digikata 11y ago
Silicon Valley can provide tools, or perhaps supplant some industries, but the bulk of productivity improvement is internal to companies. I think the productivity slowdown is a result of many companies not investing in internal improvement/development and instead using their capital in non-productivity enhancing financial moves such as stock buybacks.
- calinet6 11y agoDing ding ding. In fact, if anything, the increasing inequity between management, C-level executives, and employees makes companies even less able to handle the complex systems of the present world, which is only growing in complexity. The real issues are human, and human problems require improvements in management, leadership, internal systems, and knowledge and understanding. When rifts form between management and employees, what happens instead is an individual competitive focus that brings productivity and innovation down significantly. What we're seeing, effectively, is that the world is changing and becoming more complex, and management and internal systems are not keeping up, and instead in many cases going downhill. There are small pockets of hope in the Lean movement, Kaizen/continuous improvement, and in those who know and understand Deming management philosophy. For a great modern take, read General Stanley McChrystal's "Team of Teams."