Quote of the Day – what productivity really is.

Innovation

Innovation (Photo credit: Vermin Inc)

“Productivity has two components— the efficiency with which you use your inputs (labor and capital) and the value that customers place on your outputs. Too many managers know everything about cost and next to nothing about perceived value. Pret willingly adds cost to its sandwiches— fresh, additive-free and sometimes exotic ingredients— because the quality and flavor of those sandwiches commands a price advantage (over a typical fast-food “value meal”). Pret’s example suggests that it’s possible to charge a price premium— but not unless you have a unique value proposition— and you’re not going to get one of those without radical innovation.” Gary Hamel

**Share the Magazine with your executive colleagues and friends!

Follow the Magazine:
https://businessleadershipmanagement.wordpress.com/subscribe-follow-the-magazine/

(After you have filled in your email address in the column at the right hand side of the screen, a confirmation email will sent to your email address. You will have to confirm it before subscription begins)

Follow us on Twitter:
https://twitter.com/BusinessLeaders

Like us on Facebook:
https://www.facebook.com/BusinessLeadershipManagement

**As part of the Magazine’s drive to reward subscribers/followers, we will be providing subscribers/followers special access to exclusive content which will not be otherwise available to normal visitors. Please be sure to subscribe to the Magazine. Many visitors have given us positive comments that they will be bookmarking the site, but as the system is unable to capture a working email address to which the passcodes for exclusive content will be sent, they will miss out on this content. Do note that passcodes are locked to each exclusive content, not a one-for-all access, so do provide a working email address that you check regularly so as not to miss out on them!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s