Tag: Productivity

Improving business productivity requires business leaders to get more output from existing assets via more employee engagement

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Harness the full innovative power of your business. Create a better future with your existing resources. Focus your assets on the opportunities offering the greatest return.

Innovate or wither and die?

Is your business in zombie mode? Is it ticking along but with a little inspiration could be zooming along! Businesses which do not innovate could wither and die in the changes which are already in motion.

If you think the decade has been changing rapidly fasten your seat belt for the next decade! Even the best businesses growing healthily are going to be subject to existential choices.

Take banking industry for example. There is absolutely no reason you will not be banking online with Facebook Google or Amazon instead of Lloyds Barcalys or HSBC.

There are already internet only or app only banking businesses thriving in the UK. They do not have the costs of bank branch network. Fewer employees delivering what especially the younger generation want online. These apps will eventually sell car insurance house insurance mortgages credit cards et al that traditional banks offer. Why could Facebook Google or Amazon not do the same with their astronomical piles of cash. Yes I mean cash as they do not need to borrow money to lend money to you which will make them even more profitable should they start their banking arm of the business in UK.

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If traditional banking industry could fail to survive in future why do you think your business is safe?

Is it not a little arrogant to think your great business is going to survive the coming changes? If the UK ever gets up to speed with 5g which clearly it eventually will then another building block will be in place that will destroy many traditional businesses.

5G is both an opportunity and existential threat to many traditional businesses. Just because what you have done works for your business model does not mean it will work well in future.

are you really getting the most out of your solid business assets?

Even if you have a great business now are you sure it is operating productively? The greatest killer of UK economic growth is poor productivity. The UK does not perform any way near as productively as its developed competitors in the global marketplace.

Could your business grow faster if it took the slack from poor productivity out?

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Travelling to work is worst part of most peoples job in UK

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Most peoples pet hate in UK. Improving work life balance is one reason the UK government should invest heavily in transport infrastructure. Improved UK productivity is another. If people could rely on the infrastructure they need to get to work efficiently they could work more and work better. In addition business travel would become more cost effective easier and better.

The most important infrastructure for the UK government to invest in is 5G. Having access to 5G will transform most UK businesses for the better. It will also disseminate wealth across the whole of the UK not just its major cities and large towns. Furthermore fewer people will need to communicate anywhere which will take pressure off of other types of infrastructure like air rail and road.

New businesses will startup all over the UK and new innovative products or services will start or at least be improved.

The 4th Industrial Revolution In The UK Is Dependent On Old Style Infrastructure and New Technology Infrastructure Upgrades

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The country that invests to take advantage of the 4th Industrial Revolution will create significant wealth for their businesses and for their society.

BusinessRiskTV provides readers with the latest business development ideas to improve business productivity and business performance.

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UK coronavirus recovery requires us to be brave and borrow even more when money is so cheap to invest in our future tomorrow to benefit us today
UK coronavirus recovery requires us to be brave and borrow even more when money is so cheap to invest in our future tomorrow to benefit us today
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Create the right work habits to work smarter

Be more efficient with your work time. Many people are morning people. If you start early and finish early? Do your best work when your brain is most receptive to working most efficiently. When you are at your most productive do not let other people interrupt you. Focus on one task at a time. Pick the most important tasks to be completed when you are at you most productive.

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How To Improve Productivity in UK

Discover how to work smarter not harder. Become more productive as an individual and a business. Be more effective at work and in business. Complete business objectives faster.

  • Prioritise the things that are most important not what is urgent.
  • Eliminate more meetings reduce length of meetings and make sure each meeting is the most productive it can be.
  • Focus on most important task get it done then move onto next most important thing for you and your business. Stop multitasking.
  • Do most difficult tasks when you are at your best not at the end of the working day when your brain is fried.
  • Take a more holistic approach to business problem solving. Lumping business risks together to be solved by one risk management solution will be more cost effective and quicker.
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Best tips for achieving what you want in life and business

Develop your risk knowledge and business intelligence to inform your business decision making process. Network with positive business leaders who look for solutions not dwell on barriers to business development.

A holistic risk management approach will make more cost effective use of business resources easier. Integrate enterprise risk management ERM methodology into strategic operational and project decision making. Engage the whole workforce in making business changes.

Measure the results and outcomes from your new risk management strategy and review steps to make progress faster. Communicate more effectively with all levels of the organisation to ensure everybody is pulling in the same direction.

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Tap into unusual but effective ways to boost your revenue more profitably. Learn tips tools and techniques to work smarter not harder. Increase your productivity.

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Smart Business Decision Making

How to practice smart business decision-making

Smart business decision making involves a combination of careful analysis, strategic thinking, and effective execution. Here are some tips to help you practice smart business decision making:

  1. Gather and analyse data: Before making any business decision, it’s important to gather and analyse relevant data. This might include market research, customer feedback, financial data, and other relevant information. Use this data to identify trends, opportunities, and potential risks.
  2. Consider multiple options: When making a business decision, it’s important to consider multiple options. Don’t simply go with the first idea that comes to mind. Instead, brainstorm a variety of potential solutions and evaluate them based on their feasibility, potential benefits, and potential drawbacks.
  3. Evaluate the risks: Every business decision carries some level of risk. Before making a decision, it’s important to carefully evaluate the potential risks and consider how they can be mitigated or managed.
  4. Seek input from others: It can be helpful to seek input from others when making a business decision. This might include input from employees, stakeholders, or industry experts. Different perspectives can help you identify blind spots and make a more informed decision.
  5. Set goals and prioritise: When making a business decision, it’s important to consider your overall goals and priorities. Make sure your decision aligns with your long-term objectives and consider how it might impact other aspects of your business.
  6. Test and iterate: Once you’ve made a decision, test it out and evaluate the results. If it’s not working as expected, be prepared to iterate and make adjustments as needed.

Remember, smart business decision making involves a combination of analysis, creativity, and strategic thinking. By following these tips, you can make more informed decisions that are more likely to lead to success.

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Be more productive with your time and grow your business faster

Ways to increase productivity in a business with BusinessRiskTV.com

Is your business productivity all it could be? Could there be other ways to be more productive in your business? Maximise collaboration to be more productive quicker.

Stop procrastination as procrastination does not improve decision making or decision outcomes.

Do not multitask . Focus on one task at a time. This will boost productivity work output and creativity.

Your business maybe running smoothly. However could it be better? Grow your business faster.

Strategies to improve productivity in business

Productivity is the key to greater business success. Are you open to the potential of changing the way you work?

Successful business owners know how to make the most of business assets. Wasted effort costs money. Grow your business faster.

How to increase productivity in the workplace

Making small changes to business habits will drastically improve the levels of productivity. Get more more quality and productive work done in a shorter period of time. Reduce the time your business spends on unnecessary tasks.

Discover tools and techniques to grow your business fast?

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UK Productivity Problem

UK productivity crisis and tips to improve productivity with BusinessRiskTV.com

Productivity in UK contracted at the fastest annual pace since 2014 during the second quarter according the Office for National Statistics ONS. The UK economy is amazing at creating jobs but bad at working efficiently. UK productivity has been lower over the past decade than at any time in the 20th Century according to ONS.

Output per hour worked fell 0.5 percent year on year in the second quarter.

Office for National Statistics ONS

Working more efficiently is critical to sustainably lift the UK standard of living. The UK has innovative energetic people working in the economy. Why are innovative ways of doing things not being embedded in the workplace to boost UK productivity? We can change the way we do things but we need to work at it instead of doing what we have always done.

Working inefficiently is not a new thing for the UK. Many employers in UK see investing in new machinery equipment or buildings as too risky and too expensive compared to employing labour which can be cut without much cost and little risk.

The geopolitical risks and global slowdown does not make business leaders in UK confident enough to invest in their future today. However even in these difficult times there are opportunities to invest for future growth with less uncertainty.

The efficiency of the UK workforce is measured in output per worker and the UK has been working inefficiently more or less since the financial crisis. This is understandable. After you have had your fingers burned you can become more risk averse through fear you will be burned again.

However if you deploy holistic enterprise risk management decision making strategy it can help reduce uncertainty impacting negatively on business objectives and productivity. You can become more successful more quickly for longer with enterprise risk management strategy.

Output per worker in UK has for years been worse than the rest of the G7 advanced economies who we should compare the UK against. We are working harder to grow than the rest. We need to work smarter and more efficiently to grow the UK economy sustainably. Each UK business needs to work smarter and more efficiently to grow faster for longer.

Looking at UK productivity compared to other countries does not mean the UK is failing. It does mean it is working inefficiently and UK businesses need to change how they do business to be more successful quicker for longer.

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Competitive Advantage Strategies for Manufacturers and Producers in UK

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Join your peers and risk management experts online to develop a new competitive advantage strategy for your business. Benefits for competitive advantage development with BusinessRiskTV include developing new income streams that produce sustainable profit. Competitive aspects of manufacturing do not just rely on what you put in. It includes what you get out of the manufacturing process that counts.

Enterprise risk management expert Keith Lewis will help you develop a competitive advantage quickly and cheaply. Fast business growth can occur online in UK and overseas using your existing products and new products.

What are you doing to create more profit growth in future today?

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UK Business and Economy News and Risk Analysis Report August 2020
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Product Recalls News and Reviews

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30th April 2020 Another 55000 Washing Machines in UK Homes Should Stop Being Used and Need Repairing or Replacing Owing to a Fire Risk

An extra 21 models have been added to the list of 524000 Hotpoint and Indesit washing machines being recalled. Whirlpool owns the washing machine brands. The product recall programme was ongoing despite coronavirus restrictions. The total number of models affected is 66.

About 20 percent of the Hotpoint and Indesit washing machines sold since 2014 are affected by a safety fault and need to be recalled.

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79 fires are thought to have been caused by an overheating door locking system in the washing machine. The fault develops over time according to Whirlpool.

Advice for washing machine owners

Whirlpool has set up a model checker online or call 0800 316 1442.

Owners of Hotpoint and Indesit washing machines bought since October 2014 will need to enter the model and serial number of their appliance found inside the door or on the back to see if it is one of those affected. Those who have previously checked and been given the all clear may need to check again due to the new models with faults added to fault affected list. Slots for a modification or replacement machine are available straight away.

All owners affected by the recall are entitled to a replacement washing machine or a repair to their existing appliance without charge but there is no offer from the company of a refund. They should stop using it until an engineer has checked it if necessary restrict its use to a cold wash.

4th March 2020 Toyota Motor Corp Recalling 3.2 Million Vehicles Worldwide To Address Fuel Pump Issue That Could Result In Engines Stalling.

Dealers will replace the fuel pumps with new ones.

Owners have complained of rough engine running engine not starting and loss of power while driving at low speeds.

21st November 2019 Fiat Chrysler Recalling 700000 sport utility vehicles SUVs worldwide due to faulty electrical connection could prevent engine starts or contribute to a stall

The automotive product recall covers 2011 to 2013 model year for Dodge Durango and Jeep Grand Cherokee SUVs. Fiat Chrysler are unaware of any injuries or accidents related to the fault and will notify owners at a later date when they will be able to schedule repairs at car dealerships.

Most of the vehicles being recalled are in USA. The rest are spread around the world including but not limited to Canada and Mexico.

20th July 2019 Dangerous Tumble Dryer Product Recall

Whirlpool is launching a full recall of any remaining fire prone tumble dryers. For 4 years now Whirlpool have resisted calls to recall tumble dryers when the fault emerged.

Tumble dryer brands affected include Hotpoint Indesit Creda Swan and Proline bought between April 2004 and September 2015 in UK.

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For more information on what to do if you bought a tumble dryer call 0800 151 0905 or visit CLICK HERE. Check if your tumble dryer is affected. If it is on the product recall list stop using it and unplug it immediately.

Options for tumble dryer owners include:

  • Obtain a free replacement dryer with no extra charges for collection or disposal of the old machine
  • Get a free one hour modification of the old machine
  • Take a discounted upgrade to a higher specification model than the free replacement
  • Obtain a partial refund of up to 150 pounds with owners of older machines getting less than those with newer ones

If your tumble dryer has already been modified as a safety upgrade you may not be able to take advantage of above options but call the helpline to double check.

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20th July 2019 Volvo Product Recall 500000 Worldwide

Volvo car manufacturer has concerns of fire risk. A plastic part of the engine can melt and deform and in extreme cases catch fire.

The product recall affects some cars made in the past five years. Volvo will contact affected customers.

There have been Volvo car fires as a result though no one has been injured.

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Volvo has reported how many fires have occurred as a result of the defect. The product defect affects cars from the models years 2014 to 2019 with four-cylinder diesel engines.

Car owners have been told that vehicles are safe to use if the car is not currently showing signs of a problem including engine warning light coming on lack of power from engine or an unusual smell.

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Productivity Improvement Techniques

Learn productivity improvement strategies for your business with BusinessRiskTV.com

Productivity improvement techniques tips and training. Productivity improvement tools and techniques. Productivity improvement strategies can boost your business performance. Could your business benefit from learning productivity improvement techniques? UK business productivity is poor compared to developed countries in the world. Boost your business productivity to grow your business faster. Protect your business from your competition with productivity improvements.

Improvement Business Efficiency

Learn practical ways to increase productivity. Productivity improvement techniques will help your business grow faster. Identify better working practices. Review current best productivity improvement ideas.

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Improving your business productivity is the most important task today.   Improving your productivity is the panacea for your business.   It will solve most of your business problems.   Reduce most of the threats to your business.

  • Reduce risk of being strangled by skills gap
  • Increase output
  • Increase profit
  • Build resilience to yet unknown risks in future
  • Improve quality of products or services
  • Reduce the amount of work you need to do
  • Improve the work life balance for your employees
  • Engage your workforce more
  • Increase job satisfaction
  • Increase employee retention and reduce staff turnover costs
  • Improve your business performance
  • Build a better business brand
  • Increase the value of your business.

There is much to be gained from learning productivity improvement techniques and little to be lost.

Develop simple effective new business development strategy

Simple changes to your workplace to improve productivity in reach. They are within your business already but need bringing out.   We will help you find a better way of working.

Our productivity improvement techniques use what you have already. We will help you develop effective strategies for increasing productivity at work. Adopt tools and techniques to sustainably boost your business performance.

Effective strategies for increasing productivity at work

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Productivity improvement will increase profit. This will make your business sustainable not new sales. Continuous improvement is achievable. External risk drivers will threaten your business. They will also create new business development opportunities.

Use productivity improvement techniques to grow your business faster. Or use these tools to build existing business resilience.

Intelligently plan your work. Focus your resources effort and time on what works well. Learn how to increase productivity in your workplace.

  • Improve workplace efficiency
  • Boost business performance.
  • Build business resilience

Sustainable business success comes from smarter working not working harder.

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Productivity In The UK Workplace

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How To Improve Productivity In The Workplace In UK

For the UK to sustainably increase wages meet the needs of an aging population and develop business growth it needs to increase productivity by 25 percent just to match the productivity of German workers in recent times.

German workers have the same output in 4 days that it takes UK workers 5 days to produce, according to the UK Chancellor Philip Hammond in is Autumn Statement on the UK performance to date.

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Improving Productivity In The Workplace

Increasing output for every hour of input

To improve productivity, the UK needs to produce more from every effort put into a business or enterprise. The UK government needs to play its part including boosting internet broadband availability and speeds, improving road rail and air transportation, as well as increase spending on other infrastructure improvements. However every business needs to work out what it needs to do to get more output from the same resources.

Poor sales growth domestically and internationally, reliance on cheap particularly foreign workers(most of UKs new jobs created over recent year have been foreign workers), and a lack of investment in training of employees is a big part of the UK Plcs poor productivity. Another significant part is the lack of engagement of existing assets the existing workforce. Business enterprise leaders have not involved the whole workforce in business decision-making. Every business has talented workers who know how to solve business problems and improve productivity but business leaders have not taken a holistic approach to productivity improvement. Where a business has poor productivity it is because not everyone is on the some bus to achieve a common destination. The solution is to engage the workforce more in business decision making process.

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How do you improve your business productivity

The public sector also needs to do more with less, in an age of austerity. The UK needs to somehow get more out of every available resource invested in public services.

BusinessRiskTV will help you get everyone on the same bus!

BusinessRiskTV will use business enterprise risk management tools and techniques to engage your workforce to improve business productivity and overall performance.

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How efficient is your business?

Have your investments in people and other assets produced as much as possible? Could you produce more with your existing resources? Could you more cleverly focus your money and time on efforts that will bring greater corporate and individual rewards?

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Or are you working hard at working hard

Few business leaders and their employees don’t work hard. Hard work is required, but if you are all working hard with insignificant improvement then maybe you should ask yourself if there might be another way to make business decisions?

Better Business Decision Making Faster Business Growth More Corporate Enterprise Success

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Effective Ways to Enhance Workplace Productivity

Find out how to boost your business productivity in the UK. Complete the form below and tell us a bit about your business and business needs.

Want your business to be as productive as possible?   Pick up business tips on how to get the most out of your existing resources from your peers and from business management experts in your country, industry or business focus.

The time for looking for cost savings has passed. It is now time to look for ways to increase value produced by your business.

  • Is your business a Zombie business. Not alive just existing?
  • Is your business a dead-fish that you are blaming on being in a stagnant pool, when there is plenty of life in your area of expertise but you just can’t find business growth?
  • Do you need practical steps you can take today or tomorrow that will increase your business opportunities?
  • How can you improve the workplace culture without increasing wages immediately?
  • How can you motivate your employees  to be more productive and therefore produce a more profitable workplace?
  • Our approach to improving productivity in the workplace is not to just talk about improvement but to help create business growth

We will help you improve effective communication across your organisation to help all employees to perform better.

Develop a more positive risk management culture to increase productivity.

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