{"id":7462,"date":"2019-11-06T00:00:00","date_gmt":"2019-11-06T00:00:00","guid":{"rendered":"https:\/\/thomasjardineandco.co.uk\/working-on-the-productivity-challenge\/"},"modified":"2022-10-06T12:44:20","modified_gmt":"2022-10-06T11:44:20","slug":"working-on-the-productivity-challenge","status":"publish","type":"post","link":"https:\/\/thomasjardineandco.co.uk\/working-on-the-productivity-challenge\/","title":{"rendered":"Working on the productivity challenge"},"content":{"rendered":"

Working on the productivity challenge<\/h2>\n

<\/p>\n

The Enterprise Research Centre<\/a> defined productivity as \u2018value added per employee\u2019 or \u2018value added per hour worked\u2019 \u2013 both measures of labour productivity.\u00a0<\/i> The productivity challenge is the growing gap between UK productivity and our key international competitors.<\/p>\n

ERCs work shows that the comparative fall in UK productivity varied across sectors. They look at the effects of internal or external factors on productivity. Examples of internal factors would be leadership, management or technology. The external factors could be linked to such things as intra-firm issues, regulatory regimes or market competition.<\/p>\n

There is a global\u00a0 focus move to sustainable growth that eliminates climate change.\u00a0 This means we should expect more businesses to produce the same with less input .\u00a0 To our minds this is increasing productivity.<\/p>\n

Working on solutions to the Productivity Challenge<\/h2>\n

We all need to work together to find the solutions. Thomas Jardine & Co<\/a> are working with various great organisations to find workable answers for family businesses and for the food and drink sector.<\/p>\n

For example Be the Business<\/a> are tackling many of the internal factors that affect productivity.\u00a0 They have some amazing tools to do this which they are delivering alongside other partners.\u00a0 Their cross sector work on Productivity through People <\/a>with universities like Lancaster University<\/a> focuses on developing leadership and management skills.<\/p>\n

Keep it in the Family<\/h2>\n

Traditionally business focus has been on expansion and growth. The next generation of family businesses will face a changing world.\u00a0 A world where increasingly it will be about how to make the same with less resources. We know for this, productivity will be key.<\/p>\n

Thomas Jardine & Co<\/a> are also working with family businesses from a variety of business sectors.\u00a0 Together with\u00a0 Be the Business and the Family Business Network<\/a> we are looking at how the next generation of family business are going to tackle future productivity.\u00a0 Together in November we ran a next generation workshop at Dunsters Farm<\/a> where we examined what the real pains are that the next generation in family businesses faces<\/a>.\u00a0 On the day, we looked at what would really help them move their family businesses forward.\u00a0 We will share more of this in a separate post.<\/p>\n

Food for thought<\/h2>\n

Without constantly increasing our productivity in food and drink we will not be able to feed ourselves in the future.\u00a0 This productivity gain has to be done within a sustainable food network beautifully illustrated by the Centre for Food Policy<\/a>.\u00a0 Thomas Jardine are\u00a0 contributing to the debate on how we achieve this.<\/p>\n

We recently submitted our thoughts to Dimbleby’s Future of Food<\/a> consultation.\u00a0 The consultation will help DEFRA<\/a> to find direction in a “once in a life time” change to the whole of our food sector.\u00a0 Our submission was informed by our previous work on the food sector.<\/p>\n

We have had productive research with the Cumbria LEP<\/a> which we shared with DEFRAs LEP committee.\u00a0 This work highlighted the pain points the sector was facing as #space #money #communications and #people.\u00a0 As well as our work with the LEP our work on the This is Cumbria<\/a> project has shown us the pains food businesses face on a day to day basis.\u00a0 Next year we have plans\u00a0 to see where we can take this project next.\u00a0 We will keep you informed on how this progresses.<\/p>\n

There was a superb report by the Food and Drink Federation<\/a> (FDF)that focused on the need to develop home grown talent for our food and drink sector.\u00a0 Without developing this talent we cannot possibly increase our productivity.\u00a0 We would love to support the FDF\u00a0 and further connect their skill development programmes<\/a> to the work of Be the Businesses productivity challenge<\/a>.\u00a0 Jacqui<\/a> is with Be the Business at the CBI Conference in November<\/a> if anyone from the food sector wants to talk about this.<\/p>\n

Future is bright if we think, plan and do<\/h2>\n

Our two passions of family and food businesses<\/a> all spend time thinking, planning and doing<\/a>.<\/p>\n

The joy of working with family businesses is that they always thinking about the future<\/a>.\u00a0 We help family business plan for their future.\u00a0 Most importantly, we then support them as they do what is needed to achieve that plan.<\/p>\n

The need to support the food and drink sector is obvious<\/a>.\u00a0 Increasingly, the need to ensure those around the sector link all their thinking , planning and doing towards supporting sustainable growth of the sector is critical.<\/p>\n

Thomas Jardine & Co love to work with family businesses (we are one ourselves) and we are determined to find solutions for our food and drink sector.\u00a0 If you want to work with us then just give us a shout.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

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