If you walk into any classroom in the country, you will find a small group of diligent pupils at the front, hands raised, offering an answer to today’s problem.
There’s also likely a second lot at the back of the class monopolising the teacher’s time.
This leaves the majority of students in the middle who are not sure of the answer and not a priority for the teacher.
In our report, Raising UK Competitiveness, produced with the support of Lloyds Banking Group and launched on Tuesday, we set out to answer the exam question: what will help every business in the country move towards the front of the class and become more competitive?
Our most important discovery is the large disconnect between the multifaceted efforts to spread best practice around our economy, and the stubborn lack of adoption by those firms which have the greatest potential to improve.
On the face of it, the UK is doing remarkably well. We have an array of top business schools, are world leaders in the fintech market, and have a multitude of consultants and public-private initiatives supporting business growth.
Yet many firms are unmoved and untouched, leaving them looking inward or to their peers for support. We also see overconfidence in businesses’ assessment of their own performance and, consequently, an abundance of improvement activity that doesn’t move the needle.
Tackling this requires us to move beyond the oft-referred to “long tail” of UK productivity performance.
The majority (60 per cent) of businesses operating in the UK find themselves in the same place as the majority of school pupils – neither doing so well that they’re on track for A*s, nor lagging so far behind that they’re given additional help and support.
At Be the Business, we believe that it is those in the middle that will be make or break the mission to improve Britain’s flatlining productivity – and the success of our economy.
Yet our research found that many of these firms don’t know where to start because they aren’t measuring their performance or looking outside the four walls of their building for answers. Like the pupils in the middle of the pack, they think that they are doing fine, and that the help and advice on offer isn’t relevant to them.
That needs to change, and those of us in the business of business support can help.
It’s our job to better understand these businesses: what they know, what they think, how they learn, and how they can improve – and we need to act in a coordinated manner. This is what’s needed if Britain is to fulfill its potential and become the most competitive economy in Europe.
And while we’re all aware of the threats that Brexit may cause to UK business, there could also be an opportunity. Brexit can be the shock that presses us to reinvigorate and renew our businesses.
Business leaders can’t vote in the House of Commons or negotiate in Brussels – but we do get to run companies, hire people, and win customers. There is enough in our control to compete and to win.
So, as a nation of businesses, we have our assignment. It’s now time to get to work.
- Delhi government to seek external agencies’ help for maths classes to improve Board results
- Scarlett Moffatt takes £3,500 business class flight to Australia for I'm a Celebrity
- Women should hold quarter of top jobs at major businesses, says CBI head
- Tata Steel says seven firms in frame to bid for rest of UK operations
- What were the top business stories of 2019?
- Brexit risks higher fares and fewer flights for UK tourists, warns Abta
- UK power cut: National Grid promises to learn lessons from blackout
- Portuguese PM promises more reforms; European car sales growth slows - business live
- HSBC warns of economic risks of UK pulling out of Europe
- Numbers of women in UK boardrooms still low
- ‘Homebase is the most disastrous retail acquisition in the UK ever’
- Time Warner shares surge on Fox bid; UK pay growth slumps to record low - business live
|iPOD TOUCH 4th GENERATION HARD CASE WITH PRINTED ALUMINIUM INSERT BACK TO THE FUTURE (check at Amazon)||5.0|
|Back to the Future Flux Capacitor Watch (check at Amazon)||4.5|
|Swatch Back to the roots Men's Watch - White (check at Amazon)||4.6|
|KYBOE BACK TO THE FUCHSIA WATCH : KY-019 (55) (check at Amazon)||5.0|
|Fashion SpiStyler Plastic 3D Case for Samsung Galaxy S6 Edge, Back to the Future (check at Amazon)||5.0|
|Back to the Future, Part II and III (check at Amazon)||0.0|
|From Art Journaling to Art: Drawing Watercolor and More Techniques for the Mixed-Media Artist (check at Amazon)||4.5|
|Farscape Season 1, Vol. 3 - Back and Back and Back to the Future/Thank God It's Friday, Again (check at Amazon)||0.0|
|Buffett and Gates Go Back to School (check at Amazon)||4.9|
|Art Journals On-The-Go: How To Pack, Prep, Paint, And More (check at Amazon)||5.0|
|Back To The Future Funko Pop Vinyl Figure Set of 2 with Doc and Marty McFly (check at Amazon)||0.0|
|Elite Cult Classics Back To The Future Time Machine Delorean with Extras and Mr. Fusion 1/18 by Hotwheels BCJ97 (check at Amazon)||0.0|
|LEGO The DeLorean Time Machine from Back To The Future with Doc Brown & Marty McFly Minifigures and Accessories (check at Amazon)||5.0|
|Back to the Future: Dickens of a Christmas and Swing Low Sweet Chariot Race [VHS] (check at Amazon)||0.0|
|McGee and Me : Back to the Drawing Board (McGee and Me! #06 Video) (check at Amazon)||0.0|
|Farscape Season 1, Vol. 3 - Back and Back and Back to the Future/Thank God It's Friday, Again [VHS] (check at Amazon)||0.0|
|Back to the Future:Go Fly a Kite/Hill [VHS] (check at Amazon)||0.0|
|Back To The Drawing Board (check at Amazon)||0.0|
|York Brothers: Going Back To The Sunny South (check at Amazon)||0.0|
|The Schoolboys and The Students Go Back to Doo-Wop School (check at Amazon)||4.3|
|Going Back to the Blues (check at Amazon)||0.0|
|Sky's the Limit/Going Back to Cali (check at Amazon)||0.0|
|LA Mass Choir Back to the Drawing Board (check at Amazon)||0.0|
|Going Back to Indiana/Looking Through the Windows (check at Amazon)||0.0|
|Come Back To The Five And Dime, Bobby Dee Bobby Dee (check at Amazon)||4.8|
|Going Back to the Blue Ridge Mountains (check at Amazon)||0.0|
|Going Back to My Roots (the An (check at Amazon)||0.0|
|New Margaritaville Adirondack Chair Jimmy Buffet's "Back to the Beach " (check at Amazon)||0.0|
|Back to the Roots Oyster Mushroom Kit (check at Amazon)||0.0|
|Back To The Future Flux Capacitor Blueprint Plans Digital Wall or Desk Clock with Temperature and Alarm (check at Amazon)||0.0|
Go back to the drawing board and help UK businesses become top of the class have 1095 words, post on www.cityam.com at March 21, 2019. This is cached page on USA Posts. If you want remove this page, please contact us.