Productivity Erosion - The Quest for Greater Value

Increased productivity is a fundamental paradigm of successful business. No wonder management efforts are focused primarily on this “golden calf” of the market economy. There are enough scientific publications dealing with this topic to fill libraries. Never before have we seen so many students educated in the field of Economics at university level. Despite knowing a great deal about tools, methods and procedures, at the place where value is created we continue to think about the same questions and the same productivity deficits: Why is it that companies continue to lose the ability to maintain lean, productive processes in spite of having access to all instruments in the field of Economics? Why do many companies permit the growth of unproductive performance even though they have just introduced controlling instruments to prevent this from happening? Why is it so difficult to achieve significant, sustainable productivity growth even though companies often have access to a broad spectrum of data? An investigation offers insights into effective value creation.