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2 minute read

04/08/2017

The LSE on unlocking the power of productivity

 

We commissioned the London School of Economics to find out exactly how businesses can be more productive in the workplace. Here’s what they found out.

What would you think if we told you that the keys to unlocking the power of productivity already exist within your organisation? Well, this is what Dr Alexander Grous of LSE has discovered.

The tools to enable better ways of doing things, appropriate technology adoption and a more flexible workforce are all readily available.
Dr Alexander Grous, London School of Economics

So, the question becomes, how do you make the most of these and access this new, more productive way of working?

Unlocking the Power of Productivity, a new report from Vodafone and LSE, reveals three keys to unlocking productivity. While productivity varies depending on industry and region, these key steps will help any business improve.

1. Evaluate and improve management processes.

When management embrace new ways of working the benefits will become entrenched in the company. Better managed companies become more productive, so the first step is all about reviewing your management practices – look at how your leaders plan, deliver and utilise the firm’s assets.

2. Embrace technology

By adopting the latest technology, you’ll be able to survive and grow when you encounter external disruption. Investing in technology and innovation helps businesses stay competitive. By continually integrating the best information and communication technologies, you’ll be more resilient, productive and able to retain talented people.

3. Create an agile, flexible workforce

Technology gives you the ability to be more productive wherever you are. Flexible working has many benefits, and it’s becoming easier to integrate into your business thanks to modern technology like smart devices, cloud technology and roaming.With remote working comes a greater ability to be operationally flexible, and to step up and react to changes in the marketplace.

Investing in technology and training on the best management practices can raise productivity by as much as 20%

Next steps

Focusing on these areas pays off. According to LSE’s research, investing in technology and training on the best management practices can raise productivity by as much as 20%.

If you want to take the next steps into the world of productivity then take a look at the report summary which you can download for free below.

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