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Prioritizing Productivity to Drive Growth, Competitiveness, and Profitability
June 2015 | Executive Summary
The rise in the efficiency of global production is only about a quarter of what it was 10 years ago. To maintain living standards and global economic growth, productivity growth will need to be increased by 60 percent compared to the last 10 years…a tall order. But it’s not about working your workforce harder—working smarter is the more sustainable way to increase productivity, through technology and innovation. This report details the state of productivity worldwide, the implications of declining productivity over the next 10 years, and the best approaches to drive productivity as well as the key principles of those approaches.